Abstract

“Jack-of-all-trades” theory (Lazear, 2004, 2005) believes that successful entrepreneurs should be multifaceted, who have to hold a balanced skill set, while category studies argue that it is the categories guide audience’s valuation and founders of generalists who fail to fit any established identity categories, will be less legitimate and appealing to the audience (Zuckerman et. al, 1999; 2003). For the external investors, founders’ identity, built through a history of their career experiences, not only testifies their ability to manage businesses, but also help to legitimate the entrepreneurial firm and decrease the investment uncertainty (Delmar and Shane 2004). In this study, we want to test whether jack-of-all-trades or category imperative effect is valid for entrepreneur in the external resource acquisition and explore whether any interactions exist.

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