Founder Turnover in Venture Capital Backed Start-Up Companies

  • Authors
  • Martin Heibel

Table of contents

About this book


Rapid firm growth fueled by venture capital investments triggers tremendous dynamics in the development of young firms. However, entrepreneurship research frequently ascribes a rather static role to the entrepreneur in his start-up company. The phenomenon of founder turnover – a situation in which entrepreneurs decide to leave their initial job position – has mostly been ne¬glected. Moreover, little is known about the frequency, causes, and the impact of founder turnover.

Martin Heibel analyzes founder turnover in German venture capital backed start-up companies. He develops two unique data sets specifically assembled through an experiment and an online survey. His in-depth analyses cover antecedents and performance implications of founder turnover. They combine venture capitalists’ as well as entrepreneurs’ perspectives on founder turnover, and yield detailed insights into the interaction between financiers and founders.


Entrepreneurs Entrepreneurship Innovationsforschung Technologiemanagement Unternehmensgründer Unternehmer corporate governance innovation organization performance start-up

Bibliographic information

  • DOI
  • Copyright Information Gabler Verlag | GWV Fachverlage GmbH, Wiesbaden 2009
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-1197-1
  • Online ISBN 978-3-8349-8110-3
  • Buy this book on publisher's site