Help, I need somebody, not just anybody?: The role of advisors during technology venture emergence

Lien Denoo; Anneleen Van Boxstael; Andrea Belz

Help, I need somebody, not just anybody? The role of advisors during technology venture emergence

Lien Denoo, Anneleen Van Boxstael, Andrea Belz

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

Abstract

Entrepreneurs of new technology ventures often seek advice and mentoring. However, research in knowledge management and cognitive psychology have suggested that the accumulation of advice might depend on the venture's absorptive capacity and the learning capabilities of the entrepreneur receiving advice. To date, this has been poorly studied in nascent technical ventures. Through a novel quantitative study of 105 nascent technology ventures associated with the National Science Foundation (NSF) Innovation Corps (“I-Corps”) Program, we found that in contrast to technology advice, business advice accelerates technology venture emergence, and this venture emergence is further enhanced by advice that complements rather than amplifies an entrepreneur’s prior experience. These findings offer important insights to the literature on entrepreneurial learning and advisors, and inform public policy and institutions supporting technology entrepreneurship.

Original language	English
Title of host publication	Academy of Management Best Paper Proceedings
Place of Publication	Boston
Publisher	Academy of Management
Publication status	Published - Aug 2019
Event	79th Annual Meeting of the Academy of Management - Boston, United States Duration: 9 Aug 2019 → 13 Aug 2019

Conference

Conference	79th Annual Meeting of the Academy of Management
Country	United States
City	Boston
Period	9/08/19 → 13/08/19

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Denoo, L., Van Boxstael, A., & Belz, A. (2019). Help, I need somebody, not just anybody? The role of advisors during technology venture emergence. In Academy of Management Best Paper Proceedings [11928] Academy of Management. https://journals.aom.org/doi/abs/10.5465/AMBPP.2019.11928abstract

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title = "Help, I need somebody, not just anybody?: The role of advisors during technology venture emergence",

abstract = "Entrepreneurs of new technology ventures often seek advice and mentoring. However, research in knowledge management and cognitive psychology have suggested that the accumulation of advice might depend on the venture's absorptive capacity and the learning capabilities of the entrepreneur receiving advice. To date, this has been poorly studied in nascent technical ventures. Through a novel quantitative study of 105 nascent technology ventures associated with the National Science Foundation (NSF) Innovation Corps (“I-Corps”) Program, we found that in contrast to technology advice, business advice accelerates technology venture emergence, and this venture emergence is further enhanced by advice that complements rather than amplifies an entrepreneur{\textquoteright}s prior experience. These findings offer important insights to the literature on entrepreneurial learning and advisors, and inform public policy and institutions supporting technology entrepreneurship.",

author = "Lien Denoo and {Van Boxstael}, Anneleen and Andrea Belz",

year = "2019",

month = aug

language = "English",

booktitle = "Academy of Management Best Paper Proceedings",

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note = "79th Annual Meeting of the Academy of Management ; Conference date: 09-08-2019 Through 13-08-2019",

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Denoo, L, Van Boxstael, A & Belz, A 2019, Help, I need somebody, not just anybody? The role of advisors during technology venture emergence. in Academy of Management Best Paper Proceedings., 11928, Academy of Management, Boston, 79th Annual Meeting of the Academy of Management, Boston, United States, 9/08/19. <https://journals.aom.org/doi/abs/10.5465/AMBPP.2019.11928abstract>

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N2 - Entrepreneurs of new technology ventures often seek advice and mentoring. However, research in knowledge management and cognitive psychology have suggested that the accumulation of advice might depend on the venture's absorptive capacity and the learning capabilities of the entrepreneur receiving advice. To date, this has been poorly studied in nascent technical ventures. Through a novel quantitative study of 105 nascent technology ventures associated with the National Science Foundation (NSF) Innovation Corps (“I-Corps”) Program, we found that in contrast to technology advice, business advice accelerates technology venture emergence, and this venture emergence is further enhanced by advice that complements rather than amplifies an entrepreneur’s prior experience. These findings offer important insights to the literature on entrepreneurial learning and advisors, and inform public policy and institutions supporting technology entrepreneurship.

AB - Entrepreneurs of new technology ventures often seek advice and mentoring. However, research in knowledge management and cognitive psychology have suggested that the accumulation of advice might depend on the venture's absorptive capacity and the learning capabilities of the entrepreneur receiving advice. To date, this has been poorly studied in nascent technical ventures. Through a novel quantitative study of 105 nascent technology ventures associated with the National Science Foundation (NSF) Innovation Corps (“I-Corps”) Program, we found that in contrast to technology advice, business advice accelerates technology venture emergence, and this venture emergence is further enhanced by advice that complements rather than amplifies an entrepreneur’s prior experience. These findings offer important insights to the literature on entrepreneurial learning and advisors, and inform public policy and institutions supporting technology entrepreneurship.

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https://journals.aom.org/doi/abs/10.5465/AMBPP.2019.11928abstract