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Starting A New Company — Which Types Of Personal Experience Help?

Author

Listed:
  • CHRISTIN MERZ

    (Chair for Technology and Innovation Management, University of Wuppertal, Gaussstrasse 20, D-42119 Wuppertal, Germany)

  • ANDREAS SCHROETER

    (Chair for Technology and Innovation Management, University of Wuppertal, Gaussstrasse 20, D-42119 Wuppertal, Germany)

  • PETER WITT

    (Chair for Technology and Innovation Management, University of Wuppertal, Gaussstrasse 20, D-42119 Wuppertal, Germany)

Abstract

This paper investigates the relationship between different types of personal experience and start-up success. We propose four extensions to earlier studies on the subject. First, we distinguish between management, technical, industry, and entrepreneurial experience of founders. Second, we consider decreasing marginal effects of different types of experience on start-up success. Third, our measures for start-up success correspond to the different stages of the entrepreneurial process. Fourth, we measure the "breadth" of experience in different fields in addition to the "depth" of experience per field. In the empirical part of the paper, we test all hypotheses using a sample of 137 German start-ups.

Suggested Citation

  • Christin Merz & Andreas Schroeter & Peter Witt, 2010. "Starting A New Company — Which Types Of Personal Experience Help?," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 18(03), pages 291-313.
    • Handle: RePEc:wsi:jecxxx:v:18:y:2010:i:03:n:s0218495810000586
    DOI: 10.1142/S0218495810000586
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