This paper develops a model of information-acquisition decisions by firms that are competing in a "strategic factor market" (Barney 1986) to purchase a scarce resource whose value is unknown and differs across firms. The model builds on the argument that more accurate expectations about the...

The organizational experience that members of the founding teambring to new ventures can influence how new business opportunitiesare pursued and their ultimate success; and yet, little is knownabout how the importance of such experience varies acrossentrepreneurial contexts. In this...