Spawned with a silver spoon? Entrepreneurial performance and innovation in the medical device industry

Journal Article (Journal Article)

Entrepreneurs in high-technology industries often have prior experience at incumbent firms, but we know little about how knowledge obtained at the prior employer impacts entrepreneurial performance. Drawing on previous work from strategy, economics, and organizational sociology, I assess the impact of industry experience on entrepreneurial performance and innovation in medical device start-ups. I find that spawns (ventures started by former employees of incumbent firms) perform better than other new entrants. Interestingly, my findings suggest that this superior performance is not driven by technological spillovers from parent to spawn, but rather by nontechnical knowledge related to regulatory strategy and marketing.. Copyright © 2008 John Wiley & Sons, Ltd.

Full Text

Duke Authors

Cited Authors

  • Chatterji, AK

Published Date

  • February 1, 2009

Published In

Volume / Issue

  • 30 / 2

Start / End Page

  • 185 - 206

Electronic International Standard Serial Number (EISSN)

  • 1097-0266

International Standard Serial Number (ISSN)

  • 0143-2095

Digital Object Identifier (DOI)

  • 10.1002/smj.729

Citation Source

  • Scopus