Entrepreneurship
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- 22 Apr 2018
- Working Paper Summaries
Immigrant Entrepreneurship in America: Evidence from the Survey of Business Owners 2007 & 2012
How do businesses created by immigrants differ from those of natives? This study using the 2007 and 2012 Survey of Business Owners records finds that while immigrant-owned businesses have a modestly different industry composition than native-owned businesses, there are ten-fold differences across states in terms of the share of businesses owned by immigrants.
- 02 Apr 2018
- Research & Ideas
Is 'Gut Feel' a Good Reason to Invest in a Startup?
Most investments in startups should never be made, at least when using by-the-numbers reasoning. But funded they are. Laura Huang believes investors use gut instinct to manage that risk. Open for comment; Comment(s) posted.
- 14 Dec 2017
- Working Paper Summaries
Personality Traits of Entrepreneurs: A Review of Recent Literature
This paper brings together recent findings in the academic literature on the prevalence of various personality traits among entrepreneurs and their impact on venture performance. It focuses on three themes: (1) personality traits of entrepreneurs and how they compare to other groups; (2) attitudes towards risk that entrepreneurs display; and (3) overall goals and aspirations that entrepreneurs bring to their pursuits.
- 11 Dec 2017
- Book
'Don’t Show Up Empty-handed' and Other Tips for Finding the Right Job at a Startup
Finding a job at a startup is not the same process as hunting employment at an established business. Titles? Who needs titles?! Jeffrey Bussgang's new book, Entering StartUpLand, is an essential guide for getting a job and being productive at a new company. Includes book excerpt. Open for comment; Comment(s) posted.
- 15 Nov 2017
- Research & Ideas
How Does a Social Startup Decide to Commercialize? It May Depend on the Founder's Gender
How does the founder of a social venture decide to create a "hybrid" business rather than a traditional nonprofit organization? The decision has a lot to do with the founder’s gender, according to new research by Stefan Dimitriadis, Matthew Lee, Lakshmi Ramarajan, and Julie Battilana. Open for comment; Comment(s) posted.
- 16 Oct 2017
- Research & Ideas
The Most Successful Startups Have Hands-On Founders
Research by Rembrand Koning and colleagues says the best-performing startups are those where the founder is hands-on with people management. Open for comment; Comment(s) posted.
- 28 Aug 2017
- Research & Ideas
Should Industry Competitors Cooperate More to Solve World Problems?
George Serafeim has a theory that if industry competitors collaborated more, big world problems could start to be addressed. Is that even possible in a market economy? Open for comment; Comment(s) posted.
- 31 Jul 2017
- HBS Case
It’s Hard to Fix the Family Business Without Offending the Family
Navigating complex relationships and understanding unwritten processes are among the many challenges of transitioning a family-owned business to the next generation. Len Schlesinger, Michael Raiche, and Roger Zhu discuss the dilemmas of a small Vietnamese restaurant in the case study “Pho Hoa Dorchester.” Open for comment; Comment(s) posted.
- 21 Jun 2017
- Book
Meet the Oddball Entrepreneurs Who Invented Green Businesses
Historians have hardly noticed the fringe-of-society entrepreneurs who gave birth to the green business movement starting in the 19th century. In a new book, Profits and Sustainability: A History of Green Entrepreneurship, Geoffrey Jones chronicles the pioneers of healthy food, alternative energy, and alternative living. Open for comment; Comment(s) posted.
- 20 Jun 2017
- Working Paper Summaries
Conversational Peers and Idea Generation: Evidence from a Field Experiment
To develop a theory of innovator capability, this study extends existing research linking personality and creativity to take into account the social nature of idea generation. Using data from an experiment embedded in a bootcamp for aspiring entrepreneurs, results show that better ideas are generated by “open” innovators exposed to extroverted peers. Extroverts provide more raw information that innovators high in openness are best able to recombine into novel ideas.
- 19 Jun 2017
- Working Paper Summaries
Learning to Manage: A Field Experiment in the Indian Startup Ecosystem
This study of 100 high-growth startups in India finds that founder-executives can learn how to improve their management style from their peers at other firms. These interfirm network connections between founders may help explain why some companies are well managed and others less so. Despite the apparent value of this peer learning, founders don’t appear to naturally connect with peers who could help them improve their management style.
- 11 May 2017
- Working Paper Summaries
Coordination Frictions in Venture Capital Syndicates
A startup typically has more than one investor, each with different incentives. Drawing on the authors’ experience, this paper documents frictions occurring when VCs with differing objectives work together in syndicates. Entrepreneurs must be careful about selecting and building the syndicate of VCs who back their firm.
- 16 Feb 2017
- Cold Call Podcast
Black Business Leaders Series: A Remarkable Legacy of Firsts, Maggie Lena Walker
Maggie Lena Walker used her leadership of the Independent Order of St. Luke to form a bank, newspaper, and department store—all in the stronghold of the Confederacy. Tony Mayo discusses his case study about this pioneering African American woman. Open for comment; Comment(s) posted.
- 13 Feb 2017
- Working Paper Summaries
Diversity in Innovation
This study discusses a systematic and persistent lack of female, Hispanic, and African American labor market participation in the innovation sector, through both entrepreneurs and the venture capitalists that fund them.
- 30 Jan 2017
- Working Paper Summaries
The Environmental Legacies of The North Face's Doug Tompkins and Patagonia's Yvon Chouinard
The contrasting strategies taken by founders of Patagonia and The North Face provide a new lens on current debates about the ability of business to contribute to environmentalism. This paper suggests that the strategies of both founders bring positive environmental benefits but with trade-offs and limitations. Open for comment; Comment(s) posted.
- 30 Nov 2016
- Op-Ed
Where Could More Regulation Help Small Businesses? Online Lending.
The regulatory system overseeing the financial technology industry is a tangle of multiple agencies and inconsistent rules. Karen Mills and Brayden McCarthy propose a six-point plan to regulate online lending. Open for comment; Comment(s) posted.
- 16 Nov 2016
- Research & Ideas
Turning One Thousand Customers into One Million
In the second part of a series on growing startups, Thales S. Teixeira explains how Uber, Etsy, and Airbnb climbed from one thousand customers to one million. Open for comment; Comment(s) posted.
- 17 Oct 2016
- HBS Case
Business Solutions That Help Cut Food Waste
Up to 40 percent of food grown in the United States for human consumption is wasted. But solutions are starting to come together from retailers, farmers, academics, policy makers, and social service organizations, according to José Alvarez. Open for comment; Comment(s) posted.
- 17 Oct 2016
- Working Paper Summaries
Self-Employment Dynamics and the Returns to Entrepreneurship
Why do workers turn to entrepreneurship when many entrepreneurs appear to earn less than what they could earn in paid employment? This is the first paper to characterize how the value of resolving uncertainty about entrepreneurial earnings varies over the lifecycle after adjusting for tax differences between entrepreneurs and paid workers. Findings suggest that helping people learn about their potential earnings in entrepreneurship, either by learning from other's experiences in self-employment or by experimenting themselves, can improve the efficiency of sorting workers across sectors.
Careem: Riding the First Unicorn in the Middle East
Doubling in size every two-and-a-half months, ride-hailing service Careem was experiencing growing pains operationally and culturally. Shikhar Ghosh discusses how the founders struggled to keep its 4 million customers satisfied. Open for comment; Comment(s) posted.