From experience to action: The role of business models in nascent technology ventures

Lien Denoo, Helena Yli-Renko

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

In this study, we examine the role of business model development in venture emergence, proposing that business models serve as cognitive schemas that translate prior entrepreneurial experience into startup action. Using a unique dataset of nascent technology ventures, we find that business model development significantly facilitates a venture’s startup progress and also fully mediates the relationship between the founder’s startup experience and venture progress. Further, our results indicate that more developed business models significantly increase the speed with which nascent technology ventures attract external resources. Our findings contribute to the literatures on new venture emergence, business models, and human capital.
Original languageEnglish
Title of host publicationAcademy of Management Best Paper Proceedings
Place of PublicationBoston
PublisherAcademy of Management
Publication statusPublished - 2019
Event79th Annual Meeting of the Academy of Management - Boston, United States
Duration: 9 Aug 201913 Aug 2019

Conference

Conference79th Annual Meeting of the Academy of Management
CountryUnited States
CityBoston
Period9/08/1913/08/19

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Denoo, L., & Yli-Renko, H. (2019). From experience to action: The role of business models in nascent technology ventures. In Academy of Management Best Paper Proceedings [11929] Boston: Academy of Management.