The Stages Model of High-Tech Venture Founding: Tried but True?
研究了18家技术密集型初创企业，发现阶段模型和替代模式都存在，但遵循阶段模型的企业表现显著更好。
Recent large sample studies of start-up event sequences reported more stochasticity at a population level of analysis than the stages model would have predicted. This study examined a random sample of 18 technology-intensive start-ups in manufacturing and business service industries and found examples of both the stages model and an alternative. Stages model start-ups significantly outperformed the others.