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

dc.contributor.author Mittermeier, Ferdinand
dc.contributor.author Pöppinghaus, Cedric Fabian
dc.contributor.author Beimborn, Daniel
dc.date.accessioned 2022-12-27T19:14:56Z
dc.date.available 2022-12-27T19:14:56Z
dc.date.issued 2023-01-03
dc.description.abstract Factors 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.extent 10
dc.identifier.isbn 978-0-9981331-6-4
dc.identifier.uri https://hdl.handle.net/10125/103214
dc.language.iso eng
dc.relation.ispartof Proceedings of the 56th Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Innovation and Entrepreneurship: Theory and Practice
dc.subject academic background
dc.subject academic diversity
dc.subject digital start-up
dc.subject funding success
dc.title Digital Start-up Success: How Formal Education and Academic Diversity Impact New Digital Ventures’ Performance
dc.type.dcmi text
prism.startingpage 4771
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