Abstract

The resources available in the seed stage are crucial for the success of high-technology new venture firms. Often, these firms face constraints in terms of access to financial capital, technological resources, entrepreneurial orientation, and prior experience necessary for effectively founding and managing a new venture firm.

Prior research has predominantly examined the performance relationships of specific resources in a linear and singular causation manner. How resources simultaneously and systemically combine to result in superior firm performance has, however, not been considered.

In this study, we aim to extend our knowledge base by making sense of the relative importance of firms’ various resources. Specifically, we adopt a configurational perspective, which understands firms as clusters of interrelated attributed and allows for a systemic view of organizations. Rather than individual independent variables, patterns of variables are related to an outcome of interest.

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