Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323031 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
U.S.E. Working Papers Series No. 21-12
Publisher: 
Utrecht University, Utrecht University School of Economics (U.S.E.), Utrecht
Abstract: 
In this paper we show that a culture of independent entrepreneurship and a culture of ambitious entrepreneurship are two distinct dimensions of culture in entrepreneurial ecosystems, and are differently related to Venture Capital, growth-oriented entrepreneurship and the prevalence of unicorns in a country. We map the different types of entrepreneurship around the globe, and show the extreme spatial unevenness of entrepreneurial outputs of entrepreneurial ecosystems. We analyze the unicorn production chain from Total Entrepreneurial Activity, to growth-oriented entrepreneurship, and unicorns, and how this connects to culture and capital.
Subjects: 
entrepreneurial ecosystem
entrepreneurship
growth-oriented entrepreneurship
scale-ups
unicorns
venture capital
culture
ambition
Document Type: 
Working Paper

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