Friends, Family, or Fools: Entrepreneur Experience and its Implications for Equity Distribution and Resource Mobilization

By Reddi Kotha, Gerard George. 2012

256 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/2ac74c71af96bfb2860d99e65afd47924a95fe4f

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Citations in the corpus

Turning Lead into Gold: How Do Entrepreneurs Mobilize Resources to Exploit Opportunities? (2018, unknown): “For example, the entrepreneur may feel obliged to hire family members for roles they are ill-suited for (Discua Cruz et al., 2013) or to distribute equal equity stakes to family members who provide help (Kotha & George, 2012).”
Kinship in Entrepreneur Networks: Performance Effects of Resource Assembly in Africa (2014, unknown): “Previous entrepreneurship studies (Kotha & George, 2012; Renzulli & Aldrich, 2005; Renzulli et al., 2000) have also found positive relationships between network size and resources accessibility and acquisition.”
Social structure, reasonable gain, and entrepreneurship in Africa (2016, unknown): “In the developed world, empirical evidence has suggested that family and social structure (Aldrich and Cliff, 2003), wealth endowment (Evans and Jovanovic, 1989), and access to social resources (Kotha and George, 2012) are substantive predictors of entry into entrepreneurship.”
Innovation for Inclusive Growth: Towards a Theoretical Framework and a Research Agenda (2012, background): “Firm performance is enhanced when individuals are embedded in networks of relationships with actors who can provide capital, advice, access, and other valuable resources that are important to the entrepreneur (e.g., Burt, 1992; Kotha and George, 2012; Sorenson and Stuart, 2001).”
Better Together? Signaling Interactions in New Venture Pursuit of Initial External Capital (2016, background): “Future studies might also consider how signaling works at even earlier stages, when entrepreneurs are pursuing funds from family, friends, and their own social contacts (Kotha & George, 2012).”
The Family's Financial Support as a “Poisoned Gift”: A Family Embeddedness Perspective on Entrepreneurial Intentions (2017, background): “, Dunn and Holtz-Eakin 2000) or refer to the generic 3F (family, friends and fools) sources (Kotha and George 2012) and thus “ignore the family dimension of investment activity” (Steier 2003, p.”
Should I quit my day job?: : A hybrid path to entrepreneurship (2014, background): “…the effects of hybrid entrepreneurship on other outcomes such as financial performance (Hmieleski & Baron, 2009), job creation (Dencker, Gruber, & Shah, 2009b), resource acquisition (Kotha & George, 2012), or the likelihood of being favorably acquired (Wennberg, Wiklund, DeTienne, & Cardon, 2010).”
How should we divide the pie? Equity distribution and its impact on entrepreneurial teams ☆ (2015, background): “In contrast, Kroll et al. (2007) found that firms withmore original teammembers in the board benefitted more from an equal equity distribution among these original members than from an unequal distribution with respect to post-IPO performance.”
From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors (2017, unknown): “…can increase the likelihood to secure subsequent (real) investments from professionally organized financial resource providers, such as angel and VC investors (hereafter referred to as professional investors in line with the prior literature, e.g., Nofsinger and Wang, 2011; Kotha and George, 2012).”
Enrolling Stakeholders under Conditions of Risk and Uncertainty (2016, background): “In addition, entrepreneurs can use a variety of financial incentives (Gompers and Lerner, 1999; Kaplan and Strömberg, 2003; Arcot, 2014; Kotha and George, 2012; Ravid and Spiegel, 1997) and communication strategies to gain access to these resources (Cable and Shane, 1997; Cornelissen and Clarke,…”
Exploring entrepreneurial legitimacy in reward-based crowdfunding (2014, background): “Founding’ team composition The composition and characteristics of the founding team in entrepreneurial ventures play an important role for organisational legitimacy and resource assembly processes (Kotha and George 2012; Zhao et al. 2013). Shepherd and Zacharakis (2003) illustrate that organisationa”
Internal Social Capital and the Attraction of Early Contributions in Crowdfunding (2015, background): “Indeed, mainstream scholarly opinion is that external social capital matters in seed financing primarily because it reduces information asymmetries (see Kotha & George, 2012, for an exception).”
Social identity and signalling success factors in online crowdfunding (2016, background): “…to theories of social and organizational networks (George, McGahan, and Prabhu 2012), firm performance is improved when entrepreneurs form relationships with actors who can provide capital, advice, access and other valuable resources (Burt 2009b; Kotha and George 2012; Sorenson and Stuart 2001).”
Betting on the Coachable Entrepreneur: Signaling and Social Exchange in Entrepreneurial Pitches (2018, background): “Entrepreneurship is often characterized as collective action between entrepreneurs and other parties such as important stakeholders and resource providers (e.g., Kotha & George, 2012; Ruef, 2002; Schoonhoven & Romanelli, 2001).”
Research on Crowdfunding: Reviewing the (Very Recent) past and Celebrating the Present (2017, background): “For example, many founders look to the three Fs—friends, family, and fools— as sources of capital (Berger & Udell, 1998; Kotha & George, 2012).”