The paper describes the rise of “tech entrepreneurship as a lifestyle” and how more entrepreneurship seems primarily motivated by people wanting to “be entrepreneurs” rather than by those with potentially valuable ideas that are likely to lead to economically gainful, productive activity. The result: fewer high-growth firms because the types of firms entering the market simply aren’t capable of attaining success as these types of firms could in the past, the researchers say.
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The paper describes the rise of “tech entrepreneurship as a lifestyle” and how more entrepreneurship seems primarily motivated by people wanting to “be entrepreneurs” rather than by those with potentially valuable ideas that are likely to lead to economically gainful, productive activity. The result: fewer high-growth firms because the types of firms entering the market simply aren’t capable of attaining success as these types of firms could in the past, the researchers say.
Link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3479042
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