In Search of the Spin-Out Entrepreneur
ABSTRACT: A spin-out happens when an employee quits a company to start a new venture; however, theories do not agree on whether the ‘spin-out entrepreneur’ will start the company in the same or in a different industry. We investigated a sample of 250 entrepreneurs and 120 spin-out companies to under...
Main Authors: | , |
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Format: | Article |
Language: | English |
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Elsevier
2022-09-01
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Series: | Journal of Open Innovation: Technology, Market and Complexity |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853122007077 |
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author | Matteo Landoni dt ogilvie |
author_facet | Matteo Landoni dt ogilvie |
author_sort | Matteo Landoni |
collection | DOAJ |
description | ABSTRACT: A spin-out happens when an employee quits a company to start a new venture; however, theories do not agree on whether the ‘spin-out entrepreneur’ will start the company in the same or in a different industry. We investigated a sample of 250 entrepreneurs and 120 spin-out companies to understand what led an entrepreneur or a group of founders to enter a new industry. Our results contribute to theory, suggesting that spin-out entrepreneurs usually move to different and innovative industries owing to recombination of knowledge in founding teams. Our evidence supports the positive effect of different experiences within the team. |
first_indexed | 2024-03-08T23:39:53Z |
format | Article |
id | doaj.art-a464f0feea414f14a8918e8a22e564c9 |
institution | Directory Open Access Journal |
issn | 2199-8531 |
language | English |
last_indexed | 2024-03-08T23:39:53Z |
publishDate | 2022-09-01 |
publisher | Elsevier |
record_format | Article |
series | Journal of Open Innovation: Technology, Market and Complexity |
spelling | doaj.art-a464f0feea414f14a8918e8a22e564c92023-12-14T05:21:19ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-09-0183106In Search of the Spin-Out EntrepreneurMatteo Landoni0dt ogilvie1Department of Economic and Social History, School of Social and Political Sciences, University of Glasgow, Glasgow G12 8RT, UK; Correspondence: ; Tel.: +44-(0)-141-330-5987Saunders College of Business, Rochester Institute of Technology, Rochester, NY 14623, USA;ABSTRACT: A spin-out happens when an employee quits a company to start a new venture; however, theories do not agree on whether the ‘spin-out entrepreneur’ will start the company in the same or in a different industry. We investigated a sample of 250 entrepreneurs and 120 spin-out companies to understand what led an entrepreneur or a group of founders to enter a new industry. Our results contribute to theory, suggesting that spin-out entrepreneurs usually move to different and innovative industries owing to recombination of knowledge in founding teams. Our evidence supports the positive effect of different experiences within the team.http://www.sciencedirect.com/science/article/pii/S2199853122007077spin-outentrepreneurshipindustry experienceentrepreneurial behaviourknowledge floworganisational limitations |
spellingShingle | Matteo Landoni dt ogilvie In Search of the Spin-Out Entrepreneur Journal of Open Innovation: Technology, Market and Complexity spin-out entrepreneurship industry experience entrepreneurial behaviour knowledge flow organisational limitations |
title | In Search of the Spin-Out Entrepreneur |
title_full | In Search of the Spin-Out Entrepreneur |
title_fullStr | In Search of the Spin-Out Entrepreneur |
title_full_unstemmed | In Search of the Spin-Out Entrepreneur |
title_short | In Search of the Spin-Out Entrepreneur |
title_sort | in search of the spin out entrepreneur |
topic | spin-out entrepreneurship industry experience entrepreneurial behaviour knowledge flow organisational limitations |
url | http://www.sciencedirect.com/science/article/pii/S2199853122007077 |
work_keys_str_mv | AT matteolandoni insearchofthespinoutentrepreneur AT dtogilvie insearchofthespinoutentrepreneur |