Survival and Employment Growth Contrasts between Types of Owner-Managed High-Technology Firms

Abstract

This paper examines performance differences between “types” of owner-managed high-technology businesses. Four distinct types of firms are Identified. Technically qualnled spln-out founders“ were the most likely to survive, whilst “young firms with limited technical networks established by Inexperienced founders” were the least likely. Firms In clusters 2 (“technically qualified novice founders utilizing the financial network”) and 1 (“technically qualified spln-out founders”) were more likely to experience employment growth.