Abstract
We assess the role of human capital in the growth and development of new technology-based ventures, based on longitudinal data from 198 high-tech ventures. Our empirical results imply that there is a strong relationship between team experience and strategy. Although there is a weak direct link between team experience and venture performance, the findings strongly suggest that the fit between strategy and team experience is a key determinant of the long-term performance of high-tech entrepreneurial ventures. For small, technology-based new ventures, the team's technological experience appears to be the most important determinant of the success of a differentiation strategy.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 893-908 |
| Number of pages | 16 |
| Journal | Entrepreneurship: Theory and Practice |
| Volume | 31 |
| Issue number | 6 |
| DOIs | |
| State | Published - Nov 1 2007 |
| Externally published | Yes |
ASJC Scopus subject areas
- Business and International Management
- Economics and Econometrics