L11

Question 1

UgenTech crucial elements for success

Answer 1

Driven by market input
Global focus
Data driven (use data to learn)
External growth financing (get more)
Preview everything
Organize in squads without dependency and with full responsibility
Have clear focus (always have more opportunities than resources)
Atmosphere for growth
Passion and belief

Question 2

Sumarize “Home sweet home: Entrepreneurs’ location choices and the performance of their ventures” (Dahl & Sorenson)

Answer 2

Ventures tend to perform better, survive longer and generate more annual cash flow and profits if located in areas where founder have lived longer
Most likely to succeed when entrepreneur have prior exposure to industry and region
Because they can see needs, opportunities, can test ideas with contacts and has advantage in getting resources

Question 3

Sumarize “Spawned with a Silver spoon? Entrepreneurial performance and innovation in the medical device industry” (Chatterji)

Answer 3

Spawns (ventures started by former employee of incumbent firms) perform better than other new ventures
Not explained by technology spillovers but rather nontechnical knowledge related to management and strategy
-Regulatory knowledge
-Marketing knowledge
-Identification of new market opportunities