The Life Cycle of New Ventures
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The Life Cycle of New Ventures

Emergence, Newness and Growth

9781848446977 Edward Elgar Publishing
Edited by Candida G. Brush, Franklin W. Olin Distinguished Chair of Entrepreneurship, Babson College, US and Visiting Adjunct, Nord University, Norway and Dublin City University, Ireland, Lars Kolvereid, Nord University Business School, Norway, L. Øystein Widding, Associate Professor of Entrepreneurship and Roger Sørheim, Professor, Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, Trondheim, Norway
Publication Date: 2010 ISBN: 978 1 84844 697 7 Extent: 240 pp
The contributors to this book provide a cross-national comparison of venture emergence, newness and growth. Their chapters examine the influences of cultural, social and economic factors on venture development, compare the approaches of entrepreneurs who move from idea to emerging organization, and investigate acquisition and development of resources in growth and performance.

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The contributors to this book provide a cross-national comparison of venture emergence, newness and growth. Their chapters examine the influences of cultural, social and economic factors on venture development, compare the approaches of entrepreneurs who move from idea to emerging organization, and investigate acquisition and development of resources in growth and performance.

The authors consider important issues in new ventures research such as technology commercialization, management team development, and influence of equity funding. While its particular focus is on Norway and the US, the book offers broad and intriguing contributions with regard to the emergence and growth of knowledge based firms in developed economies, and has implications for both direct and indirect government policy with regard to stimulating the formation and development of knowledge based firms.

Scholars and students of entrepreneurship, international studies and economics, policymakers, international business experts and economic development specialists will find this rigorous analysis of the utmost importance.
Contributors
Contributors: I.E. Allen, B. Åmo, E.S. Bjørnåli, C.G. Brush, L.F. Edelman, A. Elam, T. Erikson, B.A. George, T. Habbershon, T. Høyvarde Clausen, E.J. Isaksen, L. Kolvereid, T.S. Manolova, E. Noyes, H. Ottósson, E. Rasmussen, M.P. Rice, B. Rotefoss, R. Sørheim, I. Vestrum, E. Vinogradov, L.Ø. Widding, A. Zacharakis
Contents
Contents:

Introduction
Candida G. Brush, Roger Sørheim, L. Øystein Widding and Lars Kolvereid

PART I: CONTEXT
1. Entrepreneurship and Conditions for Entrepreneurs: Norway and the USA Compared
Erik Noyes, Bjørn Åmo and I. Elaine Allen

2. The Context for Entrepreneurship
Mark P. Rice and Timothy Habbershon

PART II: EMERGENCE
3. The USA and Norway: Empirical Evidence on Properties of Emerging Organizations
Tatiana S. Manolova, Linda F. Edelman, Candida G. Brush and Beate Rotefoss

4. Models for Government Support to Promote the Commercialization of University Research: Lessons from Norway
Einar Rasmussen and Mark P. Rice

5. A Longitudinal Study of Community Venture Emergence through Legitimacy Building
Ingebjørg Vestrum and Einar Rasmussen

6. The Link Between Open Innovation Policy and Entrepreneurship: The Case of Industry Incubators in Norway
Tommy Høyvarde Clausen, Einar Rasmussen and Mark P. Rice

PART III: NEWNESS
7. A Process Model of Venture Creation by Immigrant Entrepreneurs
Evgueni Vinogradov and Amanda Elam

8. Decision-making Disagreements and Performance in Venture Capital Backed Firms
Truls Erikson and Bradley A. George

9. Board Features Associated with New Team Member Addition in Academic Spin-offs
Ekaterina S. Bjørnåli and Truls Erikson

10. Design Characteristics Associated with Venture Capital Acquisitions in Academic Spin-offs
Ekaterina S. Bjørnåli, Roger Sørheim and Truls Erikson

PART IV: GROWTH AND EARLY STAGE FINANCING
11. Exploring the Venture Capitalist/Entrepreneur Relationship: The Effect of Conflict upon Confidence in Partner Cooperation
Truls Erickson and Andrew Zacharakis

12. New Business Founders: Perceptions About and the Use of External Funding
Roger Sørheim and Espen J. Isaksen

13. Advice to New Business Founders and Subsequent Venture Performance
Lars Kolvereid, Espen J. Isaksen and Hannes Ottósson

Index
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