Digital Start-up Success: How Formal Education and Academic Diversity Impact New Digital Ventures’ Performance

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dc.contributor.authorMittermeier, Ferdinand
dc.contributor.authorPöppinghaus, Cedric Fabian
dc.contributor.authorBeimborn, Daniel
dc.date.accessioned2022-12-27T19:14:56Z
dc.date.available2022-12-27T19:14:56Z
dc.date.issued2023-01-03
dc.description.abstractFactors affecting the creation, growth, and survival of new businesses are of great interest to entrepreneurs, policymakers, and academics and have been studied for a long time. While the importance of work experience is constantly emphasized, the benefits of formal education are often questioned in practice. This study discusses the impact of founders' academic background and diversity on the success of digital startups. By analyzing 519 digital start-ups and 1,038 founders, we show that the ranking of the universities the founders graduated from and the quantitativeness of the founders’ majors both contribute to the funding success of digital start-ups. In contrast to previous literature, we were not able to confirm that diversity, measured in the distance between the rankings of two majors, has a significant impact on the success of digital start-ups. The findings enhance our understanding regarding the importance of general human capital in the digital age.
dc.format.extent10
dc.identifier.doi10.24251/HICSS.2023.581
dc.identifier.isbn978-0-9981331-6-4
dc.identifier.other48de1f27-0f03-428c-aa7a-29b62b63202b
dc.identifier.urihttps://hdl.handle.net/10125/103214
dc.language.isoeng
dc.relation.ispartofProceedings of the 56th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectInnovation and Entrepreneurship: Theory and Practice
dc.subjectacademic background
dc.subjectacademic diversity
dc.subjectdigital start-up
dc.subjectfunding success
dc.titleDigital Start-up Success: How Formal Education and Academic Diversity Impact New Digital Ventures’ Performance
dc.type.dcmitext
prism.startingpage4771

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