Source, Outcome and Content of Experiences: A Multidimensional Perspective on IT-enabled Entrepreneurial Learning

Posted: 3 Feb 2022

See all articles by Lusi Yang

Lusi Yang

Eller College of Management, University of Arizona

Jungpil Hahn

National University of Singapore (NUS) - Department of Information Systems and Analytics

David Lehman

University of Virginia - McIntire School of Commerce

Date Written: November 1, 2021

Abstract

This study examines the effects of prior experiences on subsequent performance (i.e., learning effects) in IT-enabled entrepreneurship. Our research context is crowdfunding. The nature of learning is inherently different in crowdfunding compared to traditional entrepreneurship, due to its lower entry barrier and the multifaceted channels through which entrepreneurs can gain experiences. Given the multidimensional nature of crowdfunding experiences, we focus on serial entrepreneurs and examine the variations of learning effects arising from the source, outcome, and content of experiences. Drawing insights from organizational learning theory, we posit that serial entrepreneurs, overall, benefit more from their own experiences of launching a campaign (i.e., experiential learning) than from participating in others’ campaigns (i.e., vicarious learning). For the outcome of experiences, crowdfunding entrepreneurs benefit more from others’ successes and their own failures. For the content of experiences, their own related experiences are more beneficial than others’. Based on panel data involving campaigns of 4,021 serial entrepreneurs in crowdfunding, the findings largely support our theoretical predictions.

Suggested Citation

Yang, Lusi and Hahn, Jungpil and Lehman, David W., Source, Outcome and Content of Experiences: A Multidimensional Perspective on IT-enabled Entrepreneurial Learning (November 1, 2021). Available at SSRN: https://ssrn.com/abstract=3968354

Lusi Yang (Contact Author)

Eller College of Management, University of Arizona ( email )

McClelland Hall
P.O. Box 210108
Tucson, AZ 85721-0108
United States

Jungpil Hahn

National University of Singapore (NUS) - Department of Information Systems and Analytics ( email )

Singapore

David W. Lehman

University of Virginia - McIntire School of Commerce ( email )

P.O. Box 400173
Charlottesville, VA 22904-4173
United States

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