From Grand Idea to Viable Execution: How Do Ventures and Entrepreneurs Co-Evolve?
15 Pages Posted: 3 Jul 2012
Date Written: April 18, 2012
We empirically investigated the effect of intensive mentoring and feedback on co-evolution of cognitive development of entrepreneurs and their venture. A diverse sample of forty entrepreneurs was followed over twelve months in a business incubator in the Netherlands, and extremely detailed qualitative data from the entrepreneurs' weekly logbooks were collected. We found that focused feedback does influence co-evolution of entrepreneurial mindset and venture but also depends on the stage of the venture as well as on prior entrepreneurial experience.
Keywords: mentoring, lean startup, co-evoltion, entrepreneurship, incubator, accelerator
JEL Classification: M13, O31, O32
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