Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/290637 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Junior Management Science (JUMS) [ISSN:] 2942-1861 [Volume:] 9 [Issue:] 1 [Year:] 2024 [Pages:] 1306-1340
Publisher: 
Junior Management Science e. V., Planegg
Abstract: 
Successful technology start-ups can be a significant driver of a country's economic development and could transform entire industries with new technological innovations. For this reason, in research and practice, special attention is always paid to one particular type of start-up: a successful one. To date, however, little research has been done on how to measure a start-up's success. To advance the knowledge about start-up success measurement in academic research, this thesis investigates what academics and practitioners understand by a successful start-up and what they consider to be reliable measures of success. Several scientific studies dedicated to the examination of start-up success were analyzed and seven semi-structured expert interviews with venture capitalists from the early-stage investment sector were conducted. The results show that in both the academic and practical world, start-up success is perceived as a complex, multidimensional phenomenon whose measurement depends on a variety of different factors that may change over time. It is therefore concluded that a meaningful measurement of start-up success requires the use of a combination of different metrics to address this multidimensional nature of success.
Subjects: 
new venture performance
new ventures
startup success
startups
venture capital
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Creative Commons License: 
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Document Type: 
Article
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