Through a longitudinal study of the product development portfolios of 457 US-based firms in the biotechnology industry, we investigate how prolific inventors shape a firm’s innovative direction following product development failure. Contrary to received wisdom, we argue and demonstrate that an...

This study investigates the impact of early relationships on innovation at entrepreneurial firms. Prior research has largely focused on the benefits of network ties, documenting the many advantages that accrue to firms embedded in a rich network of inter-organizational relationships. In...

I compare a variety of investor types and their impact on new firm invention and innovation. I develop and test hypotheses linking different investor types to new firm outcomes using a novel longitudinal dataset of 198 minimally invasive surgical device firms between 1986 and 2007. I find that...

Alliance formation is commonplace in many high-technology industries experiencing radical technological change, where established firms use alliances with new entrants to adapt to technological change, while new entrants benefit from the ability of established players to commercialize the new...

Alliance formation is commonplace in many high-technology industries experiencing radical technological change, where established firms use alliances with new entrants to adapt to technological change, while new entrants benefit from the ability of established players to commercialize the new...

The Angel Investor Performance Project (AIPP) collected information from 539 angel investors who were members of eighty-six angel investor groups and who had experienced 1,137 exits from their angel investments. This data set, the largest-ever set of angel investor exits, utilized angel...

Central to research in innovation and entrepreneurship is the argument that new ventures are influenced by the prior experiences of their founders. This study investigates how differences in founders' work experiences and prior career positions affect a new venture's technological choices at the...

In the past decade, the evaluation process has become more diverse, fragmented, and democratized, with consumers themselves becoming the information intermediaries who pass critical judgment on a product on online sites such as Amazon, TripAdvisor, and IMDB. Given this broadening of information...