Waiting for the Payday? The Market for Startups and the Timing of Entrepreneurial Exit

2020 ◽  
Author(s):  
Ashish Arora ◽  
Andrea Fosfuri ◽  
Thomas Rønde
Keyword(s):  
2019 ◽  
pp. 47-65
Author(s):  
Alexander Tetteh Kwasi Nuer ◽  
Miguel Rivera-Santos ◽  
Carlos Rufín ◽  
Gert Van Dijk

Author(s):  
Yangyang Chen ◽  
Weiwei Dong ◽  
Dixuan Zhang ◽  
Mingwei Jin

As business failure is a high probability event that influences the operation efficiency of the entrepreneurial ecosystem, it is necessary to know how to manage business failure experience to promote serial entrepreneurship and improve circulation in the ecosystem. While most scholars agree that it is different between failure and exit, DeTienne suggests that exit could be a way to avoid failure and protect the passion and financial condition of entrepreneurs. Therefore, this chapter analyzes the difference of failure and exit and conducts a model to help entrepreneurs decide whether to exit and how to choose a better way to exit entrepreneurship. In the meantime, this chapter analyzes why entrepreneurial exit can improve the operation efficiency of entrepreneurial ecosystem, and also it would give some ideas about how to bound from failure and benefit from failure to do better next time. After reading this chapter, entrepreneurs have the idea that failure is controllable and exit may be a restart to do business more successfully.


2020 ◽  
Vol 29 (2) ◽  
pp. 365-394
Author(s):  
M. Nesij Huvaj

Drawing from the awareness–motivation–capability (AMC) perspective, this article develops a theoretical model, linking the relationship between the entrepreneur and investors to the entrepreneur’s exit path from her venture. It is argued that the relationship between the entrepreneur and the investors can be construed as being co-opetitive in nature, that is, simultaneously involving collaboration to grow the venture and competition to obtain a larger equity stake in the venture and broader decision-making rights. The article contributes to the entrepreneurship literature by developing a co-opetition view of the entrepreneur–investor relationship, theoretically modelling different exit pathways, and linking them to success versus failure perceptions of the entrepreneur’s exit from her venture.


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