Abstract

Four properties are forming the initial experiences of any organization: intentionality, resources, boundaries, and exchange (Katz & Gartner, 1988). Initial experiences are more likely to have a “crucial” and “permanent” role on many later phenomena (Immelmann, 1975). Surprisingly, no study considered the impact of the state of those four properties on the later stage of the venture life cycle. I intend to fill this gap by identifying linkages between the development of those properties and the later firm survival. New ventures suffer from different liabilities of newness (Freeman et al., 1983): ventures emerge with the presence of the different properties that are still at a basic level of development. I address the following question: what is the impact of this level of development on venture survival?

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