Abstract

What are the key drivers of successful high growth high tech ventures? While a wealth of entrepreneurship research has focused on the founder or the top management team as the key actors involved in this process (Shane and Venkataraman, 2000), the role of boards in new ventures (pre-IPO and trade sales) has so far attracted less attention in the literature, with a few exceptions in the context of venture capital backed US young ventures.

We examine three important dimensions of the board’s activities in the early stage venturing process -- monitoring, resource gathering and strategizing. As board’s monitoring function seems to be marginal to young firms whereas its resource provision and strategy role are of particular importance (Certo et al, 2001), we ask, how board’s resource and strategy role is manifested in UK early stage ventures. In particular, 1) what is the role of the early stage venture board in providing or accessing to managerial skills and knowledge? 2) what is the role of early stage venture board in providing or accessing to funding? 3) who initiates strategy at early stage ventures? And how is strategy developed?

Share

COinS