Experimentation and Appropriability in Early-Stage Ventures: Evidence from the U.S. Software Industry

Working Papers

This study examines the tension between learning and appropriability in the experimentation process of early-stage ventures. I build a stylized model to argue that, when formal intellectual property is weak, the learning benefit of experimentation may be offset by its imitation risk. Read More

Who Benefits from Having a Partner? Intrinsic Motivation, Partnership Decisions, and the Chance of Becoming a Profitable Firm

Working Papers

Entrepreneurs and entrepreneurial firms are often the drivers of innovation, and success for entrepreneurial firms often means development and introduction of innovative products and services. This project examines the role that having a partner plays in early-stage entrepreneurial firm performance.Read More

Situating the Construct of Lean Start-Up: Adjacent Conversations and Possible Future Directions

Published Research

The lean start-up approach has garnered tremendous amount of interest in recent years and has become mainstream among entrepreneurs. However, this practitioners’ conversation has been largely decoupled from the broader academic literature in management and technology strategy. Read More

When Time-Off Sparks Time-At-Work: Time-Off as a Source of Competitive Advantage for Innovation

Working Papers

The management view of human capital as a source of sustained competitive advantage
has driven research on how strategic human resource practices affect organizational performance. This paper focuses on how a firm’s time-off policy can be a source of competitive advantage in entrepreneurial settings, particularly for innovation.Read More

Pipes or Shackles? How Ties to Incumbents Shape Startup Innovation

Working Papers

Startups are increasingly turning to the incumbent firms in their industries for venture capital. However, there remain significant gaps in our understanding of how these relationships influence the way they innovate. Read More

The Entrepreneurial Commercialization of Science: Evidence from “Twin” Discoveries

Working Papers

When are scientific advances translated into commercial products via startup formation? Although prior literature has offered several categories of answers, the commercial potential of a scientific advance is generally unobserved and potentially confounding. Read More

A Theory of Experimentation in New Ventures

Working Papers

Experimentation has been the center of a fascinating debate among entrepreneurship practitioners throughout the past decade. While intellectually stimulating and practically relevant, this discussion has received little attention from management research, and therefore has no scientific support. Read More

Gender Differences in Communication and Investor Perceptions of Entrepreneurship Potential

Working Papers

Entrepreneurial start-up ventures are a major contributor to innovation and job creation in the U.S.  One critical task that entrepreneurs face is finding investors who are willing to provide the funding and resources that will allow the business to survive.Read More

Becoming a Corporate Entrepreneur: Individual Specialization, Group Functional Diversity, and Corporate Venturing Within Firms

Working Papers

Many large firms try to encourage entrepreneurial initiatives by their employees, but the question of which employees undertake such initiatives has not been explored. In this study, we argue that the formal division of labor within a firm affects employees’ likelihood of engaging in internal corporate venturing. Read More

Does Crowdfunding Benefit Entrepreneurs and Venture Capital Investors?

Working Papers

We study how a new development in entrepreneurship—crowdfunding—interacts with more traditional financing sources, such as venture capital (VC) and bank financing.Read More

The Impact of Funding Sources on the Rate and Direction of Academic Biomedical Innovation

Funded Research Proposal

Given the large and growing role of academic entrepreneurs and inventors via patents, start-up development, and university-industry relationships, understanding how funding sources may impact academic scientists’ incentives is a crucial area for innovation research, particularly in the biomedical sciences. Read More

Standing by the Giants or Escaping the Battlefield: The Effect of FDI on Local Firm Creation – Evidence from China

Working Papers

What’s the effect of FDI on firms in cities receiving foreign investment? Agglomerating or crowding out? This paper tries to answer this question by studying local firm creation using Chinese Business Registration data. Read More