Opportunity research has been described as the distinct domain of entrepreneurship (Shane and Venkataraman, 2000). More recently, two types of opportunities have been described: discovery and creation (Alvarez and Barney, 2007). While these types of opportunities have been described theoretically, there has yet to be an empirical test of these opportunity types. This paper offers a first empirical test of these opportunity types by focusing on their implications for financing.
Welter, Christopher T. and Alvarez, Sharon A.
"THE STRINGS ATTACHED TO OTHER PEOPLE'S MONEY: OPPORTUNITY TYPES AND NEW VENTURE FINANCING (INTERACTIVE PAPER),"
Frontiers of Entrepreneurship Research: Vol. 31
, Article 19.
Available at: http://digitalknowledge.babson.edu/fer/vol31/iss15/19