Entrepreneurs typically face high uncertainty and goal ambiguity, and often the resources and contacts needed for achieving the respective goal are unknown in advance. In light of this uncertainty, how can support organisations such as incubators (or others such as governments, accelerators, educational institutions, etc.) facilitate networks and resources for entrepreneurs? In our upcoming paper, we show how an […]
When entrepreneurs start a new venture, they enter a demanding, changing and emotional process. To navigate through this process, they need to have their batteries fully charged, with positive feelings and emotions, as this will help ensure good health. Conversely, it seems plausible to think that, as chronic insomnia increases stress levels and negative emotions, this will have an adverse […]
To start a new venture, entrepreneurs need to recognise a profitable business opportunity, and to do this, they must have supportive and positive views about their professional past, present, and future (that is, a supportive and positive professional time perspective). Yet, they may have had negative professional experiences in the past and they may be having similar experiences in […]
The venture and innovation worlds are focused on idea-based venture development. They spend money on incubators and very-early-stage venture capital (VC) seed funds in hopes of building giant ventures from seemingly promising ideas and technologies. But is this wasted capital? Can angels, incubators, venture developers and universities see potential before it is proven? Or can they show more results […]
Patents are open letters (litterae patentae) that act as property deeds. Similar to a land survey they pen down and describe an idea in detail with the aim of demarcating its borders. In exchange for such full disclosure the innovator gets the right to exclude unauthorized use for 20 years.
Patents are a relatively new instrument that was first introduced […]
It is difficult to pick up a major business publication today without reading about how venture capital and venture capitalists develop unicorn ventures, privately held start-ups valued at over $1 billion. This publicity prompts entrepreneurs to ask how to get VC, rather than if they should even seek it, or when.
The reality is that very few get VC
Venture capitalists […]
The staggering fortunes created by unicorn tech startups has led to a pursuit of the entrepreneurial dream. But while many people pursue the entrepreneurial dream, many more remain wantrepreneurs – dreaming the dream, but never taking the steps to make it a reality. One factor often cited (though by no means the only one) is the fear of failure […]
Within contemporary society, entrepreneurship is feted as a pathway to self-efficacy, independence and innovation, whilst also creating employment and generating wealth. Further, it is presumed to be an open site of opportunity as there are no barriers to entry. Yet evidence suggests a strong gendered bias, which since the 1990s has been explored through a focus upon the under-representation […]
Experts in the field of entrepreneurship recently met at the LSE to discuss reform strategies proposed in a new policy brief, which seeks to promote entrepreneurship in the UK. Mark Sanders, associate professor at the Utrecht University School of Economics, presented on behalf of the Financial and Institutional Reforms for Entrepreneurial Society (FIRES) research team, following the publication of its seven step […]
Creativity – the generation of new and useful ideas – is seen as essential for entrepreneurship. Entrepreneurs need to be creative day in and out to navigate the uncertainties, constraints and challenges that starting, growing and managing a business involves. Anita Roddick, founder of the Body Shop, once said: “Nobody talks about entrepreneurship as survival, but that’s exactly what it […]
An important question that a few people want to ask: what kind of future will the next generations face? According to a recent study, for the first time in human history, younger people are now enjoying a lower standard of living than their parents in advanced economies. On top of that, their job prospects are changing dramatically.
With the introduction […]
The growth of shared, flexible urban workspaces for startups and SMEs (small and medium enterprises) is now a striking, and very visible feature of British cities. Over the past decade or so, startups and small firms in retail, manufacturing, arts, the cultural industries and the digital economy have been making creative use and re-use of urban spaces – through […]
For over two years we’ve been concerned about the fall in investment rounds to UK businesses. So we are pleased to see this decline abating in our analysis of equity investment activity in the first half of this year, as well as a record level of cash invested.
But, as usual, beneath the surface there are some interesting undercurrents. The fact that later-stage […]
Naveen Jain is the co-founder and executive chairman of Moon Express, one of the four enterprises vying for the Google Lunar XPRIZE. The project, also called Moon 2.0, offers a $20 million prize for the first privately-developed spacecraft to land on the moon, travel at least 500 meters across its surface, and transmit photos and video. Moon Express bought three launches […]
Small and medium-sized enterprises (SMEs) have long been established as an effective mechanism to generate employment and promote economic growth, and have been the focus of political, business and management research. Despite their undisputed importance and significant empirical research in this area, there is still neither a universally accepted definition for SMEs — with significant variations in different countries […]
Most debates about work today focus on the joint evolution of entrepreneurs versus employees. Some academics believe we are moving towards an entrepreneurial society. Others focus on the increasing precariousness of work, but clearly qualify the thesis of a move towards an entrepreneurial society. In the context of this short reflexion, we simply want to question the categories themselves.
Does participating in a business accelerator offer a shortcut to startup success? It can help, but it’s no guarantee, according to Peter Kirby, the CEO of Factom Inc. He spent three months in 2015 under the wing of Plug and Play, a Silicon Valley accelerator program, despite a colleague’s warning that he would be wasting his time. The colleague […]
Billionaire Peter Thiel has never lived in New Zealand and has no intention of doing so. In fact, Thiel has only visited New Zealand four times. But he has New Zealand citizenship. How did he get it? Basically, he bought it.
More precisely, New Zealand’s minister of internal affairs waived the normal requirements for naturalization in Thiel’s case. You normally need to […]