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Ethnic-immigrants in founding teams: Effects on prospector strategy and performance in new Internet ventures |
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| Authors: | Rajeswararao S. Chaganti Allison D. Watts Radha Chaganti Monica Zimmerman-Treichel |
| Affiliation: | 1. Innovation and Entrepreneurship Institute, Fox School of Business, 201D Speakman Hall, Temple University, Philadelphia, 19122, United States;2. Fox School of Business, 380 Speakman Hall, Temple University, Philadelphia, 19122, United States;3. Department of Business Policy and Environment, College of Business Administration, Rider University, Lawrenceville, NJ 08648, United States;4. Fox School of Business, Speakman Hall, Temple University, Philadelphia, 19122, United States |
| Abstract: | We investigated differences in strategy and performance between new Internet ventures with ethnic-immigrant members in the founding team and a matched set of Internet ventures with non-ethnic-non-immigrant team members. Results showed that new ventures with an ethnic-immigrant presence in the founding teams tended to pursue a more aggressive prospector strategy than those with non-ethnic-non-immigrant founding team members. Still, performance of the two groups of ventures was comparable. However, the positive effects of ethnic-immigrant presence on founding teams depended on team size and average age of the founding team members. |
| Keywords: | Ethnic immigrants Founding teams Strategy Internet |
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