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Gestation, endowments, and knowledge flows around the time of venture creation.

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Authors: Coad, Alex1 (AUTHOR) alex.coad@waseda.jp, Kato, Masatoshi2 (AUTHOR) mkato@kwansei.ac.jp, Srhoj, Stjepan3 (AUTHOR) srhoj@mit.edu
Source: Journal of Evolutionary Economics. Jul2025, Vol. 35 Issue 3, p387-414. 28p.
Subject Terms: *Entrepreneurship, *New business enterprises, Time
Abstract: Recent developments in venture creation are discussed, moving from a standard model of venture creation as a one-off binary decision (enter or not) to viewing venture creation in terms of knowledge endowments that differ according to the gestation process. We draw on the analogy that healthy newborn babies lose weight in the first few days after birth to investigate how nascent ventures slowly build routines and capabilities while drawing down their initial resource endowments. We critically discuss various themes, such as the paradox of new ventures without DNA (i.e., routines), misunderstandings about lean startups, accelerating vs. delaying a startup, and the timing of birth. [ABSTRACT FROM AUTHOR]
Database: Entrepreneurial Studies Source
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Header DbId: ent
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PubType: Academic Journal
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Evolutionary+Economics%22">Journal of Evolutionary Economics</searchLink>. Jul2025, Vol. 35 Issue 3, p387-414. 28p.
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  Data: *<searchLink fieldCode="DE" term="%22Entrepreneurship%22">Entrepreneurship</searchLink><br />*<searchLink fieldCode="DE" term="%22New+business+enterprises%22">New business enterprises</searchLink><br /><searchLink fieldCode="DE" term="%22Time%22">Time</searchLink>
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  Data: Recent developments in venture creation are discussed, moving from a standard model of venture creation as a one-off binary decision (enter or not) to viewing venture creation in terms of knowledge endowments that differ according to the gestation process. We draw on the analogy that healthy newborn babies lose weight in the first few days after birth to investigate how nascent ventures slowly build routines and capabilities while drawing down their initial resource endowments. We critically discuss various themes, such as the paradox of new ventures without DNA (i.e., routines), misunderstandings about lean startups, accelerating vs. delaying a startup, and the timing of birth. [ABSTRACT FROM AUTHOR]
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        Value: 10.1007/s00191-025-00899-5
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      – Code: eng
        Text: English
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        PageCount: 28
        StartPage: 387
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      – SubjectFull: Entrepreneurship
        Type: general
      – SubjectFull: New business enterprises
        Type: general
      – SubjectFull: Time
        Type: general
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      – TitleFull: Gestation, endowments, and knowledge flows around the time of venture creation.
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            NameFull: Coad, Alex
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            NameFull: Kato, Masatoshi
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          Dates:
            – D: 01
              M: 07
              Text: Jul2025
              Type: published
              Y: 2025
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