This study advances the understanding of cleantech commercialisation by adopting a market validation approach to analyse equity capital’s role in navigating the ‘Valley of Death’. Focusing on the three core financial milestones – revenue generation, profitability and retained earnings...

There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of four different types of prior entrepreneurial...

Unternehmer, die ein früheres Unternehmen wegen Insolvenz oder aus anderen Gründen aufgeben mussten, haben eine höhere Wahrscheinlichkeit, auch mit einem neuen Unternehmen abermals Insolvenz anzumelden. Dies ist das Ergebnis einer Studie des ZEW (DP 14-009).

There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of four different types of prior entrepreneurial...