When do serial entrepreneurs found innovative ventures? Evidence from patent data

被引:9
|
作者
Lahiri, Amrita [1 ]
Wadhwa, Anu [2 ]
机构
[1] Washington State Univ, Carson Coll Business, Pullman, WA 99163 USA
[2] Imperial Coll, Business Sch, London, England
关键词
Serial entrepreneurship; Impactful innovation; Founder experience; Spillovers; LOCAL SEARCH; OPPORTUNITY IDENTIFICATION; KNOWLEDGE SPILLOVERS; MARKET ENTRY; PERFORMANCE; PORTFOLIO; NOVICE; EXPERIENCE; STRATEGY; EXPLORATION;
D O I
10.1007/s11187-020-00390-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
Experienced entrepreneurs are typically considered to be wellsprings of both wealth creation and innovation. However, given that prior research has provided evidence of an inverse relationship between economic performance and innovation performance, innovation performance of experienced entrepreneurs requires greater scrutiny. In this study, we examine the question: under what conditions do serial entrepreneurs produce impactful innovations in their subsequent ventures? Using data on 334 VC-funded companies, our study suggests that the familiarity garnered by founders through their prior industry experience may limit the venture's propensity to produce impactful innovation. Our findings contribute to the literature on serial entrepreneurship and innovation.
引用
收藏
页码:1973 / 1993
页数:21
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