Founder Turnover in Venture Capital Backed Start-Up Companies

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 – a situation in which e...

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Bibliographic Details
Main Author: Heibel, Martin
Format: eBook
Language:English
Published: Wiesbaden Gabler Verlag 2009, 2009
Edition:1st ed. 2009
Series:Innovation und Entrepreneurship
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
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245 0 0 |a Founder Turnover in Venture Capital Backed Start-Up Companies  |h Elektronische Ressource  |c by Martin Heibel 
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505 0 |a Prior Research and Theoretical Background -- Hypotheses and Combined Theoretical Model -- Analysis of VCs’ Founder Turnover Decisions -- Determinants and Impact of Founder Turnover -- Conclusion 
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653 |a Strategic planning 
653 |a Management 
653 |a Business Strategy and Leadership 
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520 |a 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 – a situation in which entrepreneurs decide to leave their initial job position – has mostly been ne¬glected. 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’ as well as entrepreneurs’ perspectives on founder turnover, and yield detailed insights into the interaction between financiers and founders