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on Entrepreneurship |
| By: | ZHU Chen; MOTOHASHI Kazuyuki |
| Abstract: | Startups have emerged as pivotal innovators in the commercialization of AI technology. Nonetheless, these nascent enterprises often require substantial capital infusion to realize the economic returns from their innovations. This study examines the role of prototypes in facilitating their fundraising process. We utilized historical web content to identify the presence of prototypes and employed web traffic data to monitor their customer growth. Our findings indicate that prototyping positively affects the potential customer attraction process, signaling the feasibility and profitability of their business hypotheses to potential investors. In addition, as a technologically intensive industry, most AI startups begin with a technology-centric approach. While a technology-led starting point underscores competitiveness, it also inherently introduces uncertainty. We offer quantitative evidence demonstrating how prototyping acts as a moderating factor, reducing the impact of such uncertainty by expediting investor decision-making. |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:24021&r=ent |
| By: | Saul Estrin; Susanna Khavul; Alexander S. Kritikos; Jonas Löher |
| Abstract: | Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount of money raised per pitch. We examine heterogeneity in the average amount raised per pitch that is associated with differences across three countries and seven platforms. Using a novel dataset of successful fundraising on the most prominent platforms in the UK, Germany, and the USA, we find the underlying relationship between the number of investors and the amount of money raised for entrepreneurs is loglinear, with a coefficient less than one and concave to the origin. We identify significant variation in the average amount invested in each pitch across countries and platforms. Our findings have implications for market actors as well as regulators who set competitive frameworks. |
| Keywords: | equity crowdfunding, soft information, entrepreneurship, finance, financial access and inclusion |
| JEL: | D26 G23 G41 L26 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp2064&r=ent |
| By: | Johannes König; Christian Schluter; Carsten Schröder |
| Abstract: | Who makes it to the top? We use the leading, socio-economic survey in Germany supplemented by extensive data on the rich to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both distributions jointly. Although we consider many, only a few traits matter: Entrepreneurship and self-employment in conjunction with a sizable inheritance of company assets is the most important covariate combination across all rich groups. Our data suggest that all top 1 percent groups, but especially the joint top 1 percent, are predominantly populated by intergenerational entrepreneurs. |
| Keywords: | Top wealth, top income, intergenerational transfers, rich-group classification modelling, predictions |
| JEL: | D31 C38 D63 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp2066&r=ent |
| By: | KATAGIRI Mitsuru |
| Abstract: | This study investigates the effects of employment protection legislation (EPL) on entrepreneurship, firm dynamics, and economic growth in a general equilibrium model that incorporates endogenous Schumpeterian growth. The model implies that more stringent EPL encourages households to accumulate more firm-specific human capital, which raises the opportunity cost to start a business. Using Japanese firm- and household-level microdata to calibrate parameter values, the quantitative exercise reveals that EPL reform aimed at its elimination could stimulate entrepreneurship in the household sector, thus boosting economic growth through more creative destruction in the firm sector. A partial equilibrium model that disregards the general equilibrium effects can overestimate or underestimate the policy effects of the EPL reform on entrepreneurship and economic growth. Policies that directly support firm entries or incumbents' research-and-development investment have limited impacts on economic growth as long as stringent EPL exists. |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:24022&r=ent |
| By: | Coates, Dermot; Lawless, Martina |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:esr:wpaper:wp772&r=ent |
| By: | Wagner, Pia; Bör, Nicolai; Winnige, Stefan |
| Abstract: | Start-ups gelten als innovative und für die zukünftige Ausrichtung des Wirtschaftssystems bedeutsame Unternehmen. Neben Innovationsimpulsen für neue Geschäftsmodelle, moderne Arbeitsweisen und die Digitalisierung von Prozessen wird an Start-ups die Erwartung gerichtet, Arbeitsplätze zu schaffen. Die Studie 'Start-ups in der Berufspraxis' untersucht, in welchen Berufen Arbeitsplätze in Start-ups geschaffen werden und mit welchen Qualifikations- und Kompetenzanforderungen diese Arbeitsplätze einhergehen. Dahinter steht die Annahme, dass der von Start-ups formulierte Personalbedarf als ein Prädiktor für zukünftige gesamtwirtschaftliche Fachkräftebedarfe gesehen werden kann. Die Ergebnisse stützen die allgemeine Erwartung an Start-ups, ein Arbeitsplatzpotenzial zu schaffen, wobei die Nachfrage nach Informatik-, Informations- und Kommunikationstechnologieberufen sowie nach akademischen Abschlüssen dominiert. Die für Start-ups gleichermaßen typische 'Offenheit' scheint sich jedoch auch auf die Qualifikationen des Personals zu beziehen, da sich die befragten Jungunternehmen neben akademisch ausgebildeten auch offen gegenüber beruflich qualifizierten Fachkräften zeigen. Start-ups schreiben zudem Kompetenzen eine große Bedeutung zu, was speziell für IT-Kompetenzen, Selbstkompetenzen sowie überberufliche Fachkompetenzen gilt. |
| Keywords: | innovative Unternehmen, moderne Arbeitsorganisation, digitale Geschäftsmodelle, Plattformökonomie, digitalisierte Dienstleistungen, Quantitative Onlinebefragung, qualitative Interviews, Stellenanzeigen, Berufsausbildung in ausbildungsfernen Unternehmen, Berufsausbildung in Unternehmen ohne Ausbildungstradition, Rekrutierungsschwierigkeiten, Impulswirkung |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:bibbfb:283235&r=ent |