Abstract

In this empirical study we are interested in investigating the performance differences between those startups that get started with ex-employer endowments and those that are more self-sufficient in their resource needs. In our theorizing efforts we develop two main hypotheses: New ventures that reach out to endowments succeed in creating new firms faster than those new ventures, which are self-sufficient (H1); New ventures that are self-sufficient in their resource needs express higher survival rates than those new ventures, which lean on endowments (H2).

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