Cognitive Mechanisms: Which Ones Allow Corporate Entrepreneurs to Obtain Startup Funding
نویسندگان
چکیده
Previous research in corporate entrepreneurship found that selecting the right executive champion and requesting moderate initial funding was strongly correlated with start-up funding. Utilizing credible teams was found to be an important factor for projects receiving over $1,000,000. However, understanding the cognitive abilities of the individuals receiving funding was not assessed. We found that funded teams were strongly correlated (R2 = .875; p=0.000) with higher levels of predevelopment meticulousness (i.e. attention to detail and up front planning), social influence and were less risk averse. These results suggest that team level cognitive attributes can predict which teams are more likely to receive start-up funding.
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