Entrepreneurial and Small Business Operations Commons^™

Should Angel-Backed Start-Ups Reject Venture Capital?, Darian M. Ibrahim

Faculty Publications

The conventional wisdom is that entrepreneurs seek financing for their high-growth, high-risk start-up companies in a particular order. They begin with friends, family, and "bootstrapping" (e.g., credit card debt). Next they turn to angel investors, or accredited investors (and usually ex-entrepreneurs) who invest their own money in multiple, early-stage start-ups. Finally, after angel funds run dry, entrepreneurs seek funding from venture capitalists (VCs), whose deep pockets and connections lead the startup to an initial public offering (IPO) or sale to a larger company in the same industry (trade sale).

That conventional wisdom may have been the model for start-up success …

The House That Jack Built: Tales Of A Serial Entrepreneur, Singapore Management University

Perspectives@SMU

Over the years Charles Goetz has built nine businesses and has experienced the ups and downs of entrepreneurial life. Even now, he tells Perspectives@SMU, there’s still nothing like the thrill of a new business to get him going in the morning.

The Need For Irrational Entrepreneurship, Sam Yagan '95

IMSA Great Minds Program ®

Join Sam Yagan for this engaging exploration of irrationality and entrepreneurship. Sam is a serial entrepreneur, co-founder of Excelerate Labs at 1871 and the newly-appointed CEO of Match.com.

Prototypical Dimensions Of Business Opportunity In Early Stages Of The Entrepreneurial Process, Silvia F. Costa, Susana C. Santos, Antonio Caetano

Rohrer College of Business Departmental Research

The purpose of this paper is to describe how individuals with no entrepreneurial experience use prototypical dimensions of business opportunities at the first two stages of the entrepreneurial process: recognition and decision to launch a venture. Previous studies have described the business opportunity prototype (Baron & Ensley, 2006); however, they do not describe how it is used and rely on retrospective data and entrepreneurs' prior experience. We intend to overcome these gaps by using two hypothetical scenarios and three conditions, creating a first entrepreneurial experience for individuals, having thus a 2 (scenario A and B) X 3 (condition: "Problem solving", …

High Tech Entrepreneurial Careers: A Model Of Stages, Phases, And Ages, Amy E. Hurley-Hanson, Cristina M. Giannantonio, Richard Sudek

Business Faculty Articles and Research

The meteoric rise, dramatic fall, and spectacular comeback associated with Steve Jobs’ career path is an evocative example of the risks and rewards associated with following a high-tech entrepreneurial career. While research on entrepreneurs has primarily focused on their characteristics, there is limited research on the career paths of entrepreneurs in either the careers or the entrepreneurship literature. The purpose of this paper is to propose a new model of entrepreneurial careers that better reflects the realities of pursuing a career in the high-tech computer industry. The proposed model considers the role that stages, phases, and ages play in the …

New England Journal Of Entrepreneurship, Spring/Fall 2013

New England Journal of Entrepreneurship

No abstract provided.

Adroll: A Case Study Of Entrepreneurial Growth, Todd A. Finkle

New England Journal of Entrepreneurship

This case study examines the background, start up, and growth of one of the fastest-growing companies in the United States, AdRoll. It explores the various strategic factors related to the growth of AdRoll and how these issues must be addressed in order to maintain its level of growth.This case study is especially interesting not only because it focuses on one of the fastest-growing firms in the country, but also because it addresses on an understudied topic within the field of entrepreneurship, entrepreneurial growth.

Ties That Bind: A Network Perspective On University Spinouts, Patrick Mchugh

2013

Research universities execute technology transfer initiatives to transition university inventions to marketplace innovations. This process requires ties to bridge the gap between two disparate networks: a university's research community and a licensing corporate entity. One type of licensing corporate entity, and the focus of this research, is a newly formed university spinout. Utilizing a network lens, this study focuses on the ties between university inventors and spinout licensees and on the impact of various inter-organizational relationships on a spinout's success. This thesis investigates the following research questions: 1. How, if at all, does variation in the nature of the tie …

Resilience And Economic Empowerment: A Qualitative Investigation Of Entrepreneurial Indonesian Women, Min Ing Loh, Rayini Dahesihsari

Research outputs 2013

The development of female entrepreneurs in Indonesia is an integral part of Muslim women's economic contributions and empowerment. However, there is a lack of reliable research about female entrepreneurship and how gender may affect the experiences of business ownership in Indonesia. Therefore, the aim of this study is to explore the challenges encountered by these women entrepreneurs on a daily basis. Qualitative in-depth interviews were conducted with 30 female Indonesian entrepreneurs. Participants were recruited using theoretical and maximum variation sampling techniques. Content analysis was then used to analyze the data. Results revealed high levels of variations, both within and between …

Community Based Entrepreneurship: An Alternative Social Enterprise Model For Small Communities In Poor Municipalities, Emilina R. Sarreal

Angelo King Institute for Economic and Business Studies (AKI)

According to theories, the economic goal is the primary consideration of entrepreneurs when embarking on new ventures. The emergence of successful business districts or social organizations brought about a surging interest in combining the network of relationships, specifically at the local level, relative to entrepreneurial activities.

Snapshot Of The Ivmf: Annual Report 2013, Institute For Veterans And Military Families At Syracuse University

Institute for Veterans and Military Families

This report overviews the accomplishments of the IVMF during 2012-2013.

Portfolio Company Selection Criteria: Accelerators Vs Venture Capitalists, Cody Chang

CMC Senior Theses

The explosive growth of ‘accelerators’ in the United States has given entrepreneurs and their startups the opportunity to pursue seed-stage financing. While the specific economic role of accelerators remains unclear, a study comparing the selection of portfolio companies between accelerators and venture capitalists was performed. A difference of means was performed on the responses per question between the collected 19 accelerators’ response and the 100 venture capitalists’ response, recorded from a prior study. It is found that venture capitalists place significantly more weight, than accelerators, on the potential of the startup’s product or service to be proprietary, to enter a …

Book Of Secrets For Entrepreneurial Success, Institute Of Innovation And Entrepreneurship

Research Collection Institute of Innovation and Entrepreneurship

No abstract provided.

Experience, Effectuation, And Something Good : Does The Use Of Effectuation Lead To Positive Outcomes?, Thomas E. Nelson

Electronic Theses and Dissertations

The theory of effectuation is ascending in entrepreneurship education. Hundreds of articles have been written on the topic. Many textbooks mention the theory, and one college level textbook teaches entrepreneurship entirely from an effectual perspective. Given its acceptance, the natural assumption is that effectuation is somehow 'good.' That is, there is some unique benefit that an entrepreneur gains from using effectuation. This dissertation examines the concept of effectuation, and its value to entrepreneurship. It seeks to determine if entrepreneurs who use effectual logic outperform entrepreneurs who don't. Four hundred and fifty entrepreneurs across three states are surveyed to determine if …

Identifying Local Entrepreneurship Development System Policy In Rural Areas And How Local Context Shapes Entrepreneurship Policy Formation, Stacey Wright Mccullough

Graduate Theses and Dissertations

As rural communities struggle to maintain a sustainable economic base in today's global economy, many are exploring strategies to encourage entrepreneurial development. The purpose of this study was to better understand how local public policy is being be used to support the creation of entrepreneurship development systems in rural communities and how local context shapes entrepreneurship public policy formation. In phase one of the study, a survey and analysis of documents available on the Internet were used to identify county and municipal policy actions associated with entrepreneurial development in 16 counties in North Carolina. In the second study phase, two …

Social Media Helps Small Businesses, Nicholas J. Oxborrow

UNLV Theses, Dissertations, Professional Papers, and Capstones

Beemer and Shook (2009) explain that developing customers one at a time is the only way. There are no short cuts to this. Traditionally, a small business would develop their relationships by going from door-to-door to raise awareness and grow their brand. How fast they achieved this depended on the budget and time available to their business. Traditionally, large businesses had the power of reaching their markets through huge advertising budget, which small companies could not match.

In today’s business environment, social media has become a new marketing tool that is available to all businesses, that instantly develops relationships with …

Startup Weekend; Hooking Up For Economic Growth, Nevada Institute For Renewable Energy Commercialization (Nirec)

Nevada Newsflash

The Startup Weekend, a national grassroots business-launching event, is coming to Northern Nevada, September 28-30, 2012. Startup Weekend Elko will connect local entrepreneurs, developers, designers and startup enthusiasts with mentors and resources for a weekend of sharing ideas, forming teams and launching startups. The weekend-long event will take place at the Great Basin College campus in Elko.

Entrepreneurship, Professionalism, Leadership: A Framework And Measure For Understanding Boundaryless Careers, Kim-Yin Chan, Moon-Ho R. Ho, Oleksandr S. Chernyshenko, Olwen Bedford, Marilyn A. Uy, David M. Gomulya, Y. L. Sam, Wei Ming J. Phan

Research Collection Lee Kong Chian School Of Business

We propose a person-centered framework for conceptualizing subjective careers in an increasingly boundaryless work context. Specifically, we argue that entrepreneurship, professionalism, and leadership (EPL) can serve as three key dimensions of subjective career space. We relate this framework to earlier macro-level national and organizational career models proposed by Kanter (1989) and Schein (1978). Our empirical study involving 10,326 Singaporean university students demonstrated that entrepreneurial, professional, and leadership career aspirations (including motivations, efficacies, and intentions) can be measured independently, that these career dimensions are independent of vocational interests, and that they are to some degree viewed as competing career alternatives. We …

Global Entrepreneurship Monitor 2011 Singapore Report, Olexander S. Chernyshenko, David Gomulya, Wei Ming J. Phan, Yoke Yong Lai, Moon-Ho R. Ho, Marilyn A. Uy, Kim Yan Chan, Olwen Bedford

Research Collection Lee Kong Chian School Of Business

Independent of the stage of economic development, entrepreneurship plays a significant role for the expansion, job creation and overall economic health within a country. As a leading international indicator of entrepreneurial activity around the world, the Global Entrepreneurship Monitor (GEM) provides valuable insight into the state of entrepreneurship within and across developed and developing economies. Knowing the entrepreneurial aspirations of country’s residents is particularly relevant in Singapore’s innovation-driven economy given that the country’s prosperity depends largely on the economic activities of its citizens. We describe the key definitions and terms used in the GEM as well as the stages of …

500 Year Documentation, Francis T. Marchese, Phd, Maninder Pal Kaur Shergill

Wilson Center for Social Entrepreneurship

Museum visitors today can regularly view 500 year old art by Renaissance masters. Will visitors to museums 500 years in the future be able to see the work of digital artists from the early 21st century? This paper considers the real problem of conserving interactive digital artwork for museum installation in the far distant future by exploring the requirements for creating documentation that will support an artwork's adaptation to future technology. In effect, this documentation must survive as long as the artwork itself -- effectively, in perpetuity. A proposal is made for the use of software engineering methodologies as solutions …

Open-Source It Support For Effective Social Entrepreneurship, Lixin Tao

Wilson Center for Social Entrepreneurship

To better support its mission, a non-profit organization needs to effectively reach out to the public, collect information and opinions form the public, support effective brainstorming and discussions, implement effective business processes for non-profit operations, and support effective governance of the organization. The latest information technologies have provided better alternative for non-profits to run smoother and more effectively.

In this paper we conduct a critical study of two popular open-source contents management systems, Drupal and WordPress, introduce Drupal to social entrepreneurs, and explain how it can support most of the tasks outlined above. Specific guidance is provided for setting up …

Crossing The Valley Of Death: A Multi-Sited, Multi-Level Ethnographic Study Of Growth Startups And Entrepreneurial Communities In Post-Industrial Detroit, Marlo Rencher

Wayne State University Dissertations

The intention of this research is to reveal the humanity of the startup experience for American growth companies. What is it about the growth entrepreneurship experience that has been hidden from view? Can we begin to articulate a holistic view of entrepreneurship--including those human universals and culture-bound particulars that must be successfully navigated?

This study is an ethnographic account of three Detroit-based entrepreneurial communities and the people within them. This research examines the sociocultural features of entrepreneurship on three levels. The first level of context for growth businesses to be studied is that of their entrepreneurial community. These communities have …

Persistence And Survival In Entrepreneurship: The Case Of The Wave Energy Conversion Corporation Of America, Giles Jackson, Randy Boxx

New England Journal of Entrepreneurship

Many entrepreneurial firms risk falling into a cash flow “Valley of Death”—the stage of a young firm’s life when seed funding is running dry but the firm has yet to secure sufficient additional funding to carry it through to product commercialization.This is particularly true in the nascent cleantech sector, where investments are often complex and capital intensive. Drawing on an in-depth interview with seasoned entrepreneur Brian Cunningham, CEO of the Wave Energy Conversion Corporation of America, this article explores the role of persistence in entrepreneurship, distinguishing between “calculated” and “blind” persistence.

An Evaluation Of Entrepreneurial Difficulties In Ireland Since The Economic Downturn Of 2008, Edward Keogh

Theses

This Research Study looks at the Irish entrepreneurial landscape in the aftermath of the collapse of the Celtic Tiger, particularly at the small businesses sector. This study also looks at what entrepreneurs think of the effectiveness of the current policies in Ireland in helping entrepreneurs and businesses to cope and survive the current recession. The study looks at people who lost their businesses during the collapse of the Celtic Tiger and asks the question 'Can these people be supported to start-up back into business again?’

A qualitative research approach was undertaken in this study using the semi-structured interview method to …

Measuring Entrepreneurship In The Academic Heartland, Jonathan Gagliardi

Legacy Theses & Dissertations (2009 - 2024)

ABSTRACT

Employment Growth From Public Support Of Innovation In Small Firms, Albert N. Link, John T. Scott

Upjohn Press

Link and Scott provide a statistical assessment of the employment growth associated with public support of R&D in small, entrepreneurial firms through the Small Business Innovation Research (SBIR) program.

Ivmf In Focus: 2011-2012 Annual Report, Institute For Veterans And Military Families At Syracuse University

Institute for Veterans and Military Families

This report overviews the accomplishments of the IVMF during 2011-2012.

Three Essays On The Influence Of Formal Institutions On Entrepreneurship., Michael David Crum

Electronic Theses and Dissertations

This dissertation is composed of three essays in which I examine the influence of formal institutions on entrepreneurs and new firms. In the first essay, "The Influence of Institutions on the Likelihood of Self-Employment: A Multilevel Analysis," I examine how institutions at the country-level are related to the likelihood that individuals in those country are self-employed. Country-level measures of formal institutions are paired with individual-level data on self-employment from the Global Entrepreneurship Monitor (Reynolds et al., 2005). Using the Fraser Institute's Economic Freedom of the World index and the Heritage Foundation's Index of Economic Freedom separately as measures of institutions, …

Returning To Ulysses: The Need For Ireland's Higher Education Institutions To Re-Imagine The Provision Of Entrepreneurship Education, Thomas Cooney, Kathleen Farrell, Paul Hannon

Conference papers

This paper is a detailed analysis of entrepreneurship education in Higher Education Institutions (HEIs) on the island of Ireland based on a survey of all twenty-six institutions. The paper examines the number and types of courses and activities currently being offered to students and concludes that the vast majority of the existing provision is quite traditional in its approach. It is further argued that entrepreneurship education needs to be re-imagined if it is to meet the needs of Ireland’s current economic and social challenges, and that educators should seek inspiration from some of the island’s most creative artists from its …

Does Money Matter? Investigating The Financing Of Emerging Firms, Casey Frid

All Dissertations

In this dissertation I investigate start-up financing by nascent entrepreneurs in the United States between 2005 and 2010. By nascent entrepreneur, I mean individuals who are in the process of creating a new business, but the business itself is not yet affecting prices and quantities in the market. Nearly all research on financing has focused on established firms. Little work, however, has been done on how entrepreneurs acquire and use financial resources during the earliest stages of the firm creation process. The availability of financial resources has been linked to firm growth and survivability, and understanding how entrepreneurs use and …