Failing Just Fine. Assessing Careers of Venture Capital-backed Entrepreneurs Via a Non-Wage Measure.

Autor/inn/en	Amornsiripanitch, Natee; Gompers, Paul A.; Hu, George; Levinson, Will; Mukharlyamov, Vladimir
Institution	National Bureau of Economic Research
Titel	Failing Just Fine. Assessing Careers of Venture Capital-backed Entrepreneurs Via a Non-Wage Measure.
Quelle	Cambridge, Mass.: National Bureau of Economic Research (2022), 69 S. PDF als Volltext (1); PDF als Volltext (2) Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper series. w30179
Beigaben	Illustrationen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
DOI	10.3386/w30179
Schlagwörter	Kapital; Personalentwicklung; Erwerbsverlauf; Karriereplanung; Unternehmer; Arbeitspapier; Risiko; Führungskraft; USA
Abstract	This paper proposes a non-pecuniary measure of career achievement, Seniority. Based on a database of over 5 million resumes, this metric exploits the variation in job titles and how long they take to attain. When non-monetary factors influence career choice, inference benefits from the use of non-wage measures, such as seniority. We apply it to study labor market outcomes of VC-backed entrepreneurs. Would-be founders experience accelerated career trajectories prior to founding, significantly outperforming graduates of same-tier colleges with similar first jobs. After exiting their start-ups, they obtain jobs about three years more senior than their right-before-founding peers. Even failed founders land jobs with higher seniority than those attained by their peers in the meantime.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2023/1