The Effects of Early Stage Venture Capitalist Actions on Eventual Venture Disposition

This study examines the relationship between venture capitalist actions and the eventual disposition of a venture through an IPO, which is the most profitable exit strategy. The actions included in this study were ( 1) altering the amount of their investment; ( 2) securing a concentrated equity position; ( 3) diversifying their syndicate investments; and ( 4) introducing their investees to other sources of financing. After five years, this study found a positive relationship between IPO exit and ( 1) the amount of their investment; and ( 2) the diversification of their VC syndicate. However, it found only mixed results for ( 1) venture capitalist concentrated equity position; and ( 2) introductions to other sources of funding. Finally, implications for future research are discussed

Revised Pacific M-anomaly geomagnetic polarity timescale

Author Posting. © The Authors, 2010. This article is posted here by permission of John Wiley & Sons for personal use, not for redistribution. The definitive version was published in Geophysical Journal International 182 (2010): 203-232, doi:10.1111/j.1365-246X.2010.04619.x.The current M-anomaly geomagnetic polarity timescale (GPTS) is mainly based on the Hawaiian magnetic lineations in the Pacific Ocean. M-anomaly GPTS studies to date have relied on a small number of magnetic profiles, a situation that is not ideal because any one profile contains an uncertain amount of geologic 'noise' that perturbs the magnetic field signal. Compiling a polarity sequence from a larger array of magnetic profiles is desirable to provide greater consistency and repeatability. We present a new compilation of the M-anomaly GPTS constructed from polarity models derived from magnetic profiles crossing the three lineation sets (Hawaiian, Japanese and Phoenix) in the western Pacific. Polarity reversal boundary locations were estimated with a combination of inverse and forward modelling of the magnetic profiles. Separate GPTS were established for each of the three Pacific lineation sets, to allow examination of variability among the different lineation sets, and these were also combined to give a composite timescale. Owing to a paucity of reliable direct dates of the M-anomalies on ocean crust, the composite model was time calibrated with only two ages; one at each end of the sequence. These two dates are 125.0 Ma for the base of M0r and 155.7 Ma for the base of M26r. Relative polarity block widths from the three lineation sets are similar, indicating a consistent Pacific-wide spreading regime. The new GPTS model shows slightly different spacings of polarity blocks, as compared with previous GPTS, with less variation in block width. It appears that the greater polarity chron irregularity in older models is mostly an artifact of modelling a small number of magnetic profiles. The greater averaging of polarity chron boundaries in our model gives a GPTS that is statistically more robust than prior GPTS models and a superior foundation for Late Jurassic–Early Cretaceous geomagnetic and chronologic studies.This work was supported by the Jane & R. Ken Williams'45 Chair of Ocean Drilling Science and Technology

Are researchers deliberately bypassing the technology transfer office? An analysis of TTO awareness

Most universities committed to the commercialization of academic research have established technology transfer offices (TTOs). Nonetheless, many researchers bypass these TTOs and take their inventions directly to the marketplace. While TTO bypassing has typically been portrayed as deliberate and undesirable behavior, we argue that it could be unintentional as many researchers may simply be unaware of the TTO’s existence. Taking an information-processing perspective and using data on 3250 researchers in 24 European universities, we examine researcher attributes associated with TTO awareness. Our evidence confirms that only a minority of researchers are aware of the existence of a TTO at their university. TTO awareness is greater among researchers who possess experience as entrepreneurs, closed many research and consulting contracts with industry partners, conduct research in medicine, engineering or life sciences, or occupy postdoctoral positions. Policy implications of these findings are discussed

Stress Processes: An Essential Ingredient in the Entrepreneurial Process

The entrepreneurial process is associated with high uncertainty. Uncertainty is also a major source of stress. Therefore, a core aim of entrepreneurs is to reduce uncertainty to an extent that allows the entrepreneurial process to unfold. However, entrepreneurship scholars have insufficiently addressed stress processes that may be associated with this uncertainty. We argue that uncertainty is the concept connecting both the entrepreneurial and stress processes. We discuss the link between the two processes regarding: (1) opportunity recognition, (2) opportunity exploitation, and (3) associated outcomes. We then illustrate how future research should incorporate the interaction between the two processes using a morphological box and discuss how such research would change the way we specify entrepreneurial process models and study entrepreneurial behavior

Entrepreneurial Discovery as Constrained, Sytematic Search

entrepreneurship, experimental economics, systematic search, entrepreneurial discovery, L26, M13, O31,