Abstract
In the past few decades, venture capitalists and business angels have typically financed start-ups based on new ideas and products. The proposal for a system of laboratory experiments is designed to provide new entrepreneurs not only with money, but also with experience and knowledge before they venture into the market. The main objectives are to minimize mistakes, to increase efficiency and enable the entrepreneur to operate effectively from the very beginning. From this perspective, laboratory experiments should make it possible to reach positive results that otherwise could have been achieved only after several years of experience in the ‘real world’.
Errors using inadequate data are much less than those using no data at all.
Charles Babbage, English Mathematician and Inventor, 1791–1871.
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© 2013 Springer International Publishing Switzerland
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Pietrobon, A. (2013). Resourcing Lab Experiments for New Ventures: The Potential of a Start-up Database. In: Curley, M., Formica, P. (eds) The Experimental Nature of New Venture Creation. Innovation, Technology, and Knowledge Management. Springer, Cham. https://doi.org/10.1007/978-3-319-00179-1_9
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DOI: https://doi.org/10.1007/978-3-319-00179-1_9
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