Venture Capital, CEOs’ Sources of Power, and Innovation Novelty at Different Life Stages of a New Venture

We explore how the mutual dependence between venture capitalists (VCs) and venture CEOs affects the innovation novelty of new ventures at different stages of their lives. Based on a sample of 482 U.S. biotech companies, we find that VCs encourage their investees to pursue risky and novel innovations...

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Bibliographic Details
Published in:Organization science (Providence, R.I.) R.I.), 2016-03, Vol.27 (2), p.336-353
Main Authors: Park, Haemin Dennis, Tzabbar, Daniel
Format: Article
Language:English
Subjects:
Analysis
Biotechnology industry
CEO power
Chief executive officers
Chief executives
Entrepreneurship
Executives (Business)
Experts
Federal funding
Funding
innovation novelty
Innovations
Life transitions
Power
technology entrepreneurship
Venture capital
venture life cycle
Ventures
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