Business Commons^™

Análisis Comparativo De La Solvencia Empresarial Entre Startups Unicornio Y Empresas Medianas Tradicionales En Colombia, Cristian Camillo Amaya Osorio, Yesenia Andrea Álvarez Duarte

Maestría en Finanzas

El surgimiento de las startups, empresas de nueva creación las cuales, gracias a su modelo de negocio escalable y al uso de las nuevas tecnologías, han llegado a 1.327 startups para el año 2022 en Colombia (Colombia Tech Report 2022), sin embargo, las startups unicornios colombianas (aquellas valorizadas en más de un millón de dólares) han enfrentado dificultades financieras debido a la inestabilidad política y económica mundial, lo que ha llevado a despidos masivos y cierres de operaciones en otros países. Por lo tanto, esta investigación se centra en comparar la solvencia empresarial de las startups unicornios en Colombia con …

Leadership In Startups: How Founder Personality And Leadership Behaviors Impact Startup Success And Psychological Safety, Ria Passi, Ronald Riggio

CMC Senior Theses

New ventures created by entrepreneurs are crucial to the economy and to the diffusion of innovative technologies. However, startups often operate in highly uncertain environments characterized by constrained resources, lack of established processes, and complex market dynamics. Despite surges in startup investment, the failure rate for new ventures remains high, making it crucial to understand the factors that can contribute to their success. This thesis explores how founder personalities, leadership styles, and cultivating psychological safety impact startup performance and growth trajectories. Founder personality traits like openness, agreeableness, and conscientiousness are positively associated with securing funding, achieving exit opportunities, and overall …

Fail Fast, Learn Fast: Understanding The Process Of Learning From Failure In Smes, Nikolina Koporcic, David Sjödin, Marko Kohtamäki, Vinit Parida

Association of Marketing Theory and Practice Proceedings 2023

‘Fail fast and learn fast’ is a common principle advanced to quickly grow and scale startups and SMEs. However, the literature is lacking detailed insights into how such learning processes are organized. The paper aims to investigate how knowledge-intensive SMEs learn from failures through organizational learning processes. Case studies of three high-tech SMEs that operate in a highly dynamic context are presented. The findings are summarized in the learning from failure process, which includes three phases, each with underlying sub-activities and principles: 1) failure recognition, 2) interactive sensemaking, and 3) organizational adaptation. We summarize our insights into a framework disentangling …

Psychological Safety In Startup Organizations, Jessica Barhydt

Theses and Dissertations

Psychological safety is an individually held belief that a group is safe for interpersonal risk-taking. Scholars have studied the concept primarily as a team-level construct. However, recent studies suggest that climates of psychological safety exist at the organizational level. An examination of the dynamism of the construct at the organizational level is needed: how it grows, changes, and declines. Startups, which grow and change quickly, are an excellent context to study organizational psychological safety. Through interviews, this study explored psychological safety as an organizational-level construct in startup organizations. Specifically, it examined potential commonalities between high and low psychological safety as …

Insights On Factors Influencing Startup Failure In The Hospitality Industry, Shivangi Khurania

UNLV Theses, Dissertations, Professional Papers, and Capstones

Hospitality businesses and innovative startups have faced extremely high failure rates. The author provides insights on the factors that impact startup failure in the hospitality industry after performing a deep analysis on innovation frameworks such as the diffusion of innovation theory, the theory of disruptive innovation, and the ten types of innovation framework. Not only that, the author also provides insights based on their own personal experience and knowledge gained through education at the University of Las Vegas, Nevada. The research explored in this paper revealed that startup failure is not based on one factor alone and how leaders in …

Experiential Learning: The Case Of Training Mba Students In An Asian School, Chiyachantana N. Chiraphol, Kuan Yong David Ding, Jack Jiajun Hong

Research Collection Lee Kong Chian School Of Business

Consulting for a startup company is an effective way for Master of Business Administration (MBA) students to learn about management consulting, and the ways and means of a startup company. This paper discusses the experience of an MBA startup project within the context of a core corporate finance course. The project requires the active engagement of several groups of stakeholders—MBA students, the university’s entrepreneurship incubator, a selection of startup companies, and the project’s academic collaborators. In line with the literature, we find that entrepreneurship education through student-startup collaboration contributes to the students’ entrepreneurial learning, and that the offering of an …

Startup Futures: Entrepreneurs, Investors And Imaginaries Of Care In Global India, Ipshita Ghosh

Dissertations - ALL

This dissertation examines the emerging cultures of venture capital-driven, technology-infused startups in India and the multiple ways in which they shape the nation's entrepreneurship landscape. Based on findings drawn from 14 months of ethnographic fieldwork with Delhi's startups, I argue that entrepreneurship serves as a cultural and ideological formation that creates a new regime of values and reshapes our social, political, and civil life. In this sense, I suggest that previous studies on entrepreneurship which focus purely on its economic impacts (or lack thereof) tend to undervalue the long-lasting cultural transformations created through it. One of the primary ways in …

The Ecosystem Of Startups In Greece: An Explorative Study, Stamatios Koulouris

Senior Projects Spring 2022

Given that technology and innovation are rapidly rising the last few decades at excessively high rates, people tend to become more creative, searching for new ideas that, through their entrepreneurial spirit, transform into businesses, known as startups. This process of transforming an idea into an actual business that becomes productive and profitable sets the basis for entrepreneurship. Being interested in startups and the idea of creating an enterprise from scratch, I decided for my senior project to focus on these new well-known enterprises and, more specifically to zoom in on the startup ecosystem of Greece, which seems to have great …

Blockchain, Una Herramienta De Pago Para Las Startups, Jheferson David Moreno Forero

Finanzas y Comercio Internacional

La presente investigación tiene la intención de analizar la incidencia de la tecnología Blockchain como un mecanismo alterno en los sistemas de pago para las Startups en Colombia, debido a que estas empresas enfrentan periodos extensos y cargos muy altos para procesar los pagos que deben remitir a sus proveedores internacionales, de la misma forma se busca describir el proceso tradicional para realizar transacciones internacionales e identificar las características de la tecnología Blockchain que pueden implementarse en la forma de pago y cobro de las startups en Colombia, esto para comparar el proceso tradicional de transacciones de las operaciones con …

In Search Of Unicorns: An Analysis Of Japan's Startup Ecosystem, Kaito Komoriya

CMC Senior Theses

While Japan previously dominated global consumer markets in innovative electronic products, the economy has failed to live up to this performance since the burst of the asset price bubble in 1992 and the subsequent lost decades. In the modern economy, startup companies have become synonymous with innovation. Most of these companies have emerged from Silicon Valley, as well as other startup hubs around the globe. However, critics have criticized Japan for the limited number of notable startup companies from the country.

My thesis seeks to answer the two following questions: First, what is the current state of Japan’s startup ecosystem? …

Ai As A Boost For Startups Companies: Evidence From Italy, Irene Di Bernardo, Marco Tregua, Greco Fabio, Ruggiero Andrea

University of South Florida (USF) M3 Publishing

Innovative startups are growing everywhere; clearly, digital transformation is imperative for all businesses to compete, or better survive. Institutions prompt companies and businesses to adopt digital transformation tools, providing funds too, especially to startups (MISE, 2019).In particular, this study analyzes Artificial Intelligence, understanding its implications, ties and features in startups. No commonly agreed definitions are given about AI and startups, thus the tie between them should be deepened. One of the most cited definitions considers startup as a temporary organization looking for scalable business models (Blank, 2013). In literature little attention has been paid to the connection between startup and …

تأثير فيروس كورونا على إدارة رأس المال البشري في الشركات الناشئة في مصر, Shahjahan Bhuiyan, Fayrouz El Dabbagh, Mariam Walid, Shorouk Fouda

Papers, Posters, and Presentations

إن الشركات الناشئة شركات تتسم بالهشاشة على المستوى المؤسسي وتتعامل مع درجات عالية من المخاطر وعدم اليقين، وخاصة أثناء الصدمات قصيرة الأجل مثل فيروس كورونا (كوفيد- 19)، ويسعى موجز السياسات هنا إلى تحديد التطور المطلوب في النظام البيئي الداعم للشركات الناشئة في ظل جائحة فيروس كورونا (كوفيد- 19)، مع التركيز بشكل خاص على إدارة رأس المال البشري والعمل اللائق ومرونة سوق العمل في الشركات الناشئة في مصر. والسؤال الأساسي الذي يطرحه الموجز هو: كيف أثرت جائحة فيروس كورونا (كوفيد- 19) على ممارسات إدارة رأس المال البشري في الشركات الناشئة المصرية وما هو المطلوب لي تتعافى الشركات الناشئة في مصر من …

The Effect Of Covid-19 On The Human Capital Management In Start-Ups In Egypt, Fayrouz El Dabbagh, Mariam Walid, Shorouk Fouda, Shahjahan Bhuiyan

Papers, Posters, and Presentations

Start-ups are institutionally fragile companies that deal with high degrees of risk and uncertainty, especially during short-term shocks, such as COVID-19. This policy brief attempts to identify the needed development in the start-up supporting ecosystem under COVID-19 pandemic, with a special focus on human capital management (HCM), decent work, and labor resilience in start-ups in Egypt. The core question of the paper is: How did COVID-19 pandemic affect the HCM practices in Egyptian start-ups and what is needed for start-ups in Egypt to recover from the crisis and sustain decent jobs and labor resilience?

الشركات الناشئة وإدارة رأس المال البشري في مصر: رحلة البحث عن وظائف لائقة, Maryham Madgy Abdelmalak, Fayrouz El Dabbagh, Ibrahem El Sayed Hassan, Laila M. El Baradei

Papers, Posters, and Presentations

تُعد الشركات الناشئة أحد العناصر التي من الممكن أن تساهم في النمو الاقتصادي في مصر، إلا أنها تواجه تحديات عديدة تعرقل قدرتها على تحقيق إمكاناتها، واستدامتها في السوق، وقدرتها على توفير فرص عمل لائقة. وتشمل التحديات: صعوبة تحديد مصدر التمويل، واستدامته وتعقد الإطار القانوني والتنظيمي الذي ينظمها, بالإضافة إلى المعايير الاجتماعية، والثقافة المحافظة، ونقص البيانات والمعلومات المتعلقة بديناميات السوق والفرص المتاحة. وقد أوضحت نتائج البحث أن العديد من الشركات الناشئة تواجه تحديات في إدارة رأس المال البشري لديها فيما يتعلق بمهام التخطيط ،أو اجتذاب الموارد البشرية أو التطوير ،أو الجزاءات. وتتناول هذه الورقة النظام البيئي الحالي للشركات الناشئة في مصر …

How To Make Venture Capital Funding Work For You, Ser Keng Ang

Research Collection Lee Kong Chian School Of Business

From Facebook to Google, some of the biggest brands we know today got their start from venture capital funding. Prof Ang Ser Keng from the Lee Kong Chian School of Business, shares how and when involving venture capitalists in your startup can propel it to success.

Research On The Impact Of Venture Capital On The Operating Performance Of Startups, Ziqiang Sun

Dissertations and Theses Collection (Open Access)

Venture capital can not only realize its own capital appreciation, but also promote the development of startups and boost the development of high-tech industries; therefore, it has obvious positive externalities. With the development of venture capital in China, the impact of venture capital on the operating performance of startups gradually attracts widespread attention.

This paper investigates the impact of venture capital on the operating performance of startups and conducts an in-depth discussion on the problem formulation, empirical relationship, cause and effect analysis, and countermeasure suggestions. The main research contents include:

The first part is the introduction, which analyzes the research …

Equity Crowdfunding In The United States: Evolution, Determinants And Performance, Kenny Ozuna

Theses and Dissertations

In recent years, equity crowdfunding has developed into an alternative form of early stage financing for startup firms. The main purpose of this dissertation is to understand the evolution, process and regulation of equity crowdfunding in the United States as well as assess the determinants of a successful campaign and whether this capital market lead to an enduring business.

The first essay examines the evolution, process and regulation surrounding equity crowdfunding. I establish a clear definition of crowdfunding and its restructuring of the music industry to establishing an alternative form of raising capital for nascent firms via equity crowdfunding. I …

New Venture Modeling Strategies For Information Technology Business Startups, Jude Thomas

Walden Dissertations and Doctoral Studies

Information technology (IT) startup owners often lack new venture modeling strategies to sustain their businesses beyond 5 years. Information technology startup owners with backgrounds in software development, IT project management, and computer engineering need to know about the strategies discovered in the study to make operational, modeling, and project level decisions that ensure sustained organizational profitability. Grounded in Kim and Mauborgne's blue ocean theory, the purpose of this qualitative multiple case study was to explore new venture modeling strategies some information technology startup owners use to sustain their businesses beyond 5 years. Study participants comprised 3 IT startup business owners …

Manager Development In Younger, Growing Organizations, Christine Parcells

Theses and Dissertations

This study explored manager development needs in younger, growing organizations related to challenges with uncertainty, ambiguity, and a rapid pace of change. This research examined two companies: one that had not gone through IPO or acquisition and one that was acquired twice. The primary themes in the findings included adaptive behaviors and communication capabilities, the impact and influence of a company's culture and a changing organization structure on development, as well the need for building relationships and networks to help managers cope with the challenges of a growing organization. By implementing manager development programs early, companies can build inclusion, foster …

The New Exit In Venture Capital, Darian M. Ibrahim

Darian M. Ibrahim

No abstract provided.

How Do Start-Ups Obtain Their Legal Services?, Darian M. Ibrahim

Darian M. Ibrahim

This Essay is the first to examine, using responses to online surveys, the use of in-house versus outside counsel by rapid-growth start-up companies. It also explores, from the vantage point of the start-up’s entrepreneur, some reasons for that choice. The Essay tests several hypotheses derived from the economic and entrepreneurship literatures about the benefits of in-house versus outside counsel in the unique context of start-up firms.

Tech Entrepreneurship: An Experiential Journey, Punit Arora

Open Educational Resources

This course uses Lean Launchpad for creating entrepreneurial ventures that start small but can be scaled up fairly quickly. You should you take this class only IF you are interested in creating such ventures. This course provides real world, hands-on learning on what it’s like to actually start a high-tech company. This class is not about how to write a business plan. It’s not an exercise on how smart you arein a classroom, or how well you use the research library to size markets. This is a practical class – essentially a lab, not a theory or “book” …

Access To Capital Challenges And Opportunities, Rosalinda V. Maury, Brice M. Stone, Kicia Sears, Andrew M. Sander

Institute for Veterans and Military Families

This paper describes how veterans report financing their businesses, their potential difficulties accessing capital, and the potential reasons they may encounter credit and loan denials. We conclude with a discussion on the possible implications and put forward a preliminary argument for further study that would explore some of the more nuanced aspects of access to capital barriers. Helpful for veterans seeking information about financing their business.

Startup Governance, Elizabeth Pollman

All Faculty Scholarship

Although previously considered rare, over three hundred startups have reached valuations over a billion dollars. Thousands of smaller startups aim to follow in their paths. Despite the enormous social and economic impact of venture-backed startups, their internal governance receives scant scholarly attention. Longstanding theories of corporate ownership and governance do not capture the special features of startups. They can grow large with ownership shared by diverse participants, and they face issues that do not fit the dominant principal-agent paradigm of public corporations or the classic narrative of controlling shareholders in closely held corporations.

This Article offers an original, comprehensive framework …

The Business Of Accelerating The Acceleration Of Startups, David Wai Lun Ng

Dissertations and Theses Collection (Open Access)

The cross-domain and cross-border aspects of the Business Accelerator sector has resulted in an ecosystem that has seen actors in the space jostle for clear and competitive positioning. The evolution of Business Accelerators as a business entity, seeking to supply positive interventions to the journey of start-ups, is common to all growth and innovation orientated ecosystems. The ability for Business Accelerator managers to demonstrably impact their subject acceleratees positively has been an under-researched area. Against this background is the rising volume of capital being channeled into funding startups due to the widespread drive for innovation led growth which is increasingly …

Practical Challenges Of Differentiated, For-Profit Social Ventures, Gabriel M. Blake

Honors Thesis

When social entrepreneurs create a for-profit enterprise focused on addressing a particular public need, there are many specific challenges and barriers that stand in their way of becoming a sustainable, revenue-generating business. Many of these challenges are currently unknown to many nascent social entrepreneurs, and in most cases, these challenges will cause the venture to fail or never reach operational scale (Renko, 1047).

Social entrepreneurs face many unique challenges and barriers that traditional entrepreneurs do not necessarily encounter. Typical challenges include balancing the needs of disparate stakeholders (Smith, 464), maintaining robust cash flows and profits while simultaneously remaining committed to …

The Evolution Of Financing Structure In U.S. Startups, Carmen Cotei, Joseph Farhat

The Journal of Entrepreneurial Finance

In this article we examine how startup businesses finance their operations over time. We employ the Latent growth modeling technique to test the financial growth cycle theory developed by Berger and Udell (1998). The data used in this study is the Kauffman Firm Survey, the largest longitudinal data set comprised of a random sample of U.S. startups launched in 2004 and surveyed annually through 2011. Consistent with the predictions of financial growth cycle theory, in the startup stage, entrepreneurs rely on initial insider capital sources such as personal savings, financing offered by friends and family, quasi-equity, and personal debt. Over …

The Ethics Of Representing Founders, Paul R. Tremblay

William & Mary Business Law Review

Lawyers assisting entrepreneurial startups frequently work with individual founders before any formal organizational client materializes. In advising founders about such legal matters as whether to establish an entity, and if so, which entity best fits the needs of the enterprise, as well as how to arrange the owners’ relationships within the business, the lawyer necessarily has an attorney-client relationship with someone. The prevailing scholarship about startup representation pays surprisingly little attention to the posture of the lawyer and her founder-clients in the pre-organization context. This Article investigates the lawyer’s responsibilities and commitments in depth.

A lawyer working with a solo …

Leveraging Knowledge At Startups, Amruta Anil Ranade

Masters Theses

"Startups contribute to the economy and job creation in the United States. One of the primary assets of startups is tacit knowledge of the employees of the startup. Technical communicators can help startups capture, share, and leverage the tacit knowledge at startups. Technical communicators could benefit from learning how knowledge management initiatives at startups work. The current study is an ethnographic case-study that was conducted at a fast-growing startup in California.

The data for the study was collected through observations, informal and semi-structured formal interviews with participants, and feedback from customers of the startup. The collected data was analyzed based …

Regulatory Entrepreneurship, Elizabeth Pollman, Jordan M. Barry

All Faculty Scholarship

This Article examines what we term “regulatory entrepreneurship” — pursuing a line of business in which changing the law is a significant part of the business plan. Regulatory entrepreneurship is not new, but it has become increasingly salient in recent years as companies from Airbnb to Tesla, and from DraftKings to Uber, have become agents of legal change. We document the tactics that companies have employed, including operating in legal gray areas, growing “too big to ban,” and mobilizing users for political support. Further, we theorize the business and law-related factors that foster regulatory entrepreneurship. Well-funded, scalable, and highly connected …