Episode notes
What Really Matters for Entrepreneurial Survival? Rethinking Capital from a Subjectivist Lens
Not all startups begin with the same resources—but which starting conditions truly make the difference between survival and failure?
Our research tackles this critical question by adopting a subjectivist theory of entrepreneurship (STE) and a configurational approach to explore how combinations of capital—human, social, and financial—shape the early trajectory of new ventures. Drawing on empirical evidence, we show that it’s not the amount of capital that matters most—but the right mix.
In particular, we find that survival is more strongly linked to human and social capital configurations, while overreliance on financial capital can be a liability
Keywords
EntrepreneurshipSubjectivist Theory of Entrepreneurship