Serial Entrepreneurs and Venture Survival: Evidence from U . S . Venture‐Capital‐Financed Semiconductor Firms
研究连续创业者的先前创业、风险资本融资和成功经验对后续创业企业生存的影响，发现无风险资本经验的连续创业者表现更好。
This article investigates the effects of prior firm founding experience, prior venture capital ( VC ) financing experience, and prior success with regard to subsequent venture survival by distinguishing serial entrepreneurs with and without prior VC financing experience. My analysis shows that ventures founded by serial entrepreneurs perform better than those founded by novice entrepreneurs regardless of whether entrepreneurs had prior success or failure. However, contrary to expectations, this study finds that serial entrepreneurs without prior VC financing experience perform better than serial entrepreneurs with prior VC financing experience, suggesting that there may be an inadvertent cost of learning about the VC s. Copyright © 2013 Strategic Management Society.