Mentoring in Startup Ecosystems

54 Pages Posted: 6 Nov 2017

See all articles by Jeffrey Sanchez-Burks

Jeffrey Sanchez-Burks

University of Michigan, Stephen M. Ross School of Business

David J. Brophy

University of Michigan, Stephen M. Ross School of Business

Thomas Jensen

Enterprise Futures Network

Melanie Milovac

INSEAD

Evgeny Kagan

Johns Hopkins University - Carey Business School

Date Written: November 2017

Abstract

Effective mentoring programs are very difficult to structure and execute, even with the best intentions and reasonable budget. In this report we conduct a multi-institution empirical analysis of mentoring in startup ecosystems to determine what helps entrepreneurial teams and mentors thrive in mentorship programs.

We survey the perspectives of mentees, mentors and university and accelerator program administrators. Our empirical findings reveal that personality and the malleability of entrepreneurial skills among the mentee and the mentor matter. Further we find that university programs lag behind non-university accelerator programs along several important dimensions, when it comes to matching mentees to mentors and providing support during the program and following up after the completion of the program. We provide several prescriptive recommendations for students, startup founders, mentors and program administrators, and outline a research agenda for studying mentoring in entrepreneurial ecosystems.

Keywords: Innovation, entrepreneurship, mentoring, startups

JEL Classification: O31, O32, C83

Suggested Citation

Sanchez-Burks, Jeffrey and Brophy, David J. and Jensen, Thomas and Milovac, Melanie and Kagan, Evgeny, Mentoring in Startup Ecosystems (November 2017). Ross School of Business Paper No. 1376. Available at SSRN: https://ssrn.com/abstract=3066168 or http://dx.doi.org/10.2139/ssrn.3066168

Jeffrey Sanchez-Burks (Contact Author)

University of Michigan, Stephen M. Ross School of Business ( email )

701 Tappan Street
Ann Arbor, MI MI 48109
United States

David J. Brophy

University of Michigan, Stephen M. Ross School of Business ( email )

701 Tappan Street
Ann Arbor, MI MI 48109
United States
313-764-7587 (Phone)

Thomas Jensen

Enterprise Futures Network ( email )

Melanie Milovac

INSEAD ( email )

Boulevard de Constance
77305 Fontainebleau Cedex
France

Evgeny Kagan

Johns Hopkins University - Carey Business School ( email )

100 International Drive
Baltimore, MD 21202
United States

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