In Search of Research Excellence
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In Search of Research Excellence

Exemplars in Entrepreneurship

Ronald K. Mitchell and Richard N. Dino

This path-breaking book gathers ‘best practices’ advice from the masters about how to achieve excellence in entrepreneurship research, how to create an outstanding research career and how to avoid the pitfalls that can sidetrack emerging scholars. Combining narratives from the 2009 and 2010 Entrepreneurship Exemplars Conferences, the authors frame the dialogue using person–environment fit theory and present keynote addresses and dialogue sessions that bring together editors and authors to reach into the unexplored corners of the top-tier research craft.
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Chapter 13: Journal of Business Venturing

Dimo Dimov and William Forster


Associate editor: Phillip Phan Authors: Dimo Dimov, William Forster Moderators: Ronald K. Mitchell, John E. Mathieu Comments editor: G. Thomas Lumpkin Mitchell, Ron: We will start with a brief flyby of each of the two papers. The first paper is Dimo Dimov and Hana Milanov’s ‘The interplay of need and opportunity in venture capital investment syndication.’ Then there’s Matt Hayward, Bill Forster, Saras Sarasvathy and Barbara Fredrickson’s ‘Beyond hubris: How highly confident entrepreneurs rebound to venture again.’ Dimo, a quick flyby, please. Dimov, Dimo: First of all, I would like to acknowledge my co-author, Hana Milanov in Greece. Hi, Hana. Very quickly. We looked at the alliance formation literature and it says, ‘First form alliances because they have some need, but also alliances need to have shared opportunity (a reason for being).’ In other words, have a reason to be able to attract partners. We wondered about all those cases where alliances are actually not formed. This viewpoint opens up a couple of interesting questions: ‘Can you have a need for alliances, but actually not be able to attract partners; or can you be able to attract partners but actually do not need them?’ So these are particularly fluid and disjointed at the level of the individual project. Thus, it brings up the question of interplay. Our context is the venture capital industry, which is particularly relevant because venture capital firms continually make investment decisions on a series of projects (and we can actually see what they do...

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