Nascent venture performance : linking novelty of venture ideas and commitment of firm founders as predictors

摘要

The individual-opportunity nexus emphasizes that both the characteristics of individuals andudventure ideas have roles in the entrepreneurial process (Shane & Venkataraman, 2000). Followingudupon this assertion the present study examined whether the venture idea novelty and investment ofudresources can make an important part in the venture creation process. Data analysed for a sample ofudnascent entrepreneurs in Australia suggests that the novelty of venture ideas restricts the performanceudof nascent ventures. However, the more investment of time and money do not show a significantudimpact to the venture performance.