entrepreneurial prominence of former employers.
According to the statements in the planning documents,
we recorded which of the managers’ former
employers were start-ups. ENTREP EXP was
calculated as the total number of past claimed
start-up experiences. Of those solicitations that
included team information, 36 percent failed to
report any start-up experience (D ENTREP EXP).
Conditional on reporting, the mean number of
prior entrepreneurial companies averaged over all
management team members per solicitation was
0.94