| Summary: | Rapid firm growth fueled by venture capital investments triggers tremendous dynamics in the development of young firms. However, entrepreneurship research frequently ascribes a rather static role to the entrepreneur in his start-up company. The phenomenon of founder turnover <U+0013> a situation in which entrepreneurs decide to leave their initial job position <U+0013> has mostly been neƠglected. Moreover, little is known about the frequency, causes, and the impact of founder turnover. Martin Heibel analyzes founder turnover in German venture capital backed start-up companies. He develops two unique data sets specifically assembled through an experiment and an online survey. His in-depth analyses cover antecedents and performance implications of founder turnover. They combine venture capitalists<U+0019> as well as entrepreneurs<U+0019> perspectives on founder turnover, and yield detailed insights into the interaction between financiers and founders.
|
|---|