Professional experience
We coded the total reported number of companies
at which management team members worked
prior to the venture described in the request. Of
those solicitations that included team information,
only 18 percent failed to report any prior company
experience (D PRIOR COS). The average
number of prior companies reported by team members
in each solicitation was 2.26 (NB PRIOR
COS). That is, team members generally had three
times more corporate experience than start-up
experience.
Entrepreneurial prominence
Burton et al. (2002) find that firms that possess
high entrepreneurial prominence are also
more likely to generate start-ups. Following their
work, ENTRE PROMINENCE is measured as
the relative frequency that a former employer
appears in the dataset. Entrepreneurs hailing from
these companies may be more highly qualified
or have greater legitimacy. To calculate ENTREP
PROMINENCE, we generate a list of all former
employers referenced in the planning documents
and then count the number of times they
appear. For example, if 10 of the 3,773 individuals
in the dataset reported that they had prior
working experience at Cisco, then each of these 10
individuals received an ENTREP PROMINENCE
score of 10. The assumption is that if a firm
is more likely to generate spin-offs in general,
then to the degree that our sample is representative
of the general population of technology startups
seeking funding, this measure should pick up
the relative propensity of firms to spin-off startups.
The mean entrepreneurial prominence averaged
over management team members was 6.42.
Professional experience
We coded the total reported number of companies
at which management team members worked
prior to the venture described in the request. Of
those solicitations that included team information,
only 18 percent failed to report any prior company
experience (D PRIOR COS). The average
number of prior companies reported by team members
in each solicitation was 2.26 (NB PRIOR
COS). That is, team members generally had three
times more corporate experience than start-up
experience.
Entrepreneurial prominence
Burton et al. (2002) find that firms that possess
high entrepreneurial prominence are also
more likely to generate start-ups. Following their
work, ENTRE PROMINENCE is measured as
the relative frequency that a former employer
appears in the dataset. Entrepreneurs hailing from
these companies may be more highly qualified
or have greater legitimacy. To calculate ENTREP
PROMINENCE, we generate a list of all former
employers referenced in the planning documents
and then count the number of times they
appear. For example, if 10 of the 3,773 individuals
in the dataset reported that they had prior
working experience at Cisco, then each of these 10
individuals received an ENTREP PROMINENCE
score of 10. The assumption is that if a firm
is more likely to generate spin-offs in general,
then to the degree that our sample is representative
of the general population of technology startups
seeking funding, this measure should pick up
the relative propensity of firms to spin-off startups.
The mean entrepreneurial prominence averaged
over management team members was 6.42.
การแปล กรุณารอสักครู่..
