This study provides empirical answers to three questions: 1) how do new venture initiatives change in the nascent venturing process. 2) Is it possible to identify and track change agents across time and 3) how do change influence performance in the nascent venturing process across time. Asking these questions is important for two main reasons: 1) creating awareness about change and its antecedents could help entrepreneurs in their strategizing efforts in the nascent venturing process in order to be more efficient. Understanding change also increases our ability to develop more dynamic explanations to entrepreneurship as well as to reduce methodological errors in longitudinal studies.