Making Internal Software Startups Work: How to Innovate Like a Venture Builder?

Knowing why and how to innovate with packaged business software

When firms move to adopt and implement a popular IT innovation, what knowledge must they have or gain, in order to be successful? Here we offer a model that explains a firm’s success in terms of its adoption know-why and know-when and its implementation knowhow. We examine this model in an exploratory survey of some 118 firms’ adoption and implementation of packaged business software in the 199...

Agency Costs of Venture Capitalist Control in Startups

Early Employees of Venture-Backed Startups: Selection and Wage Differentials

While much attention has been paid to company founders, very little is known regarding the first set of non-founder employees who join high-growth startups ("early employees"). This paper explores the wage differential between venture capital-backed startups and established firms given that the two firm types compete for talent. Using data on graduating college students from MIT, I find that VC...

How to innovate and make successful business

Nowadays, facing the rapidly changing economic and business environment, growing competition from competitors and rising consumer expectations, enterprise which has withstood various tests of changeable situations, “innovation” is the way out amid fierce competition and one of the keys to success. Innovation means implementing new ideas, developing new products and improving existing services. ...

How free software developers work

This configuration leads to questions on the characteristics of the collective action that enables the transition from individual voluntary commitments that are potentially volatile and unstable to the completion of a collective production that involves continuity and sustainability. The production of free software cannot be considered the contingent result of a spontaneous convergence of indiv...