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ERIC Number: EJ837069
Record Type: Journal
Publication Date: 2009-Apr
Pages: 3
Abstractor: As Provided
Reference Count: 1
ISSN: ISSN-0950-4222
Resourcing Lab Experiments for New Ventures: The Potential of a Start-Up Database
Pietrobon, Alberto
Industry and Higher Education, v23 n2 p139-141 Apr 2009
This article responds to "Laboratory experiments as a tool in the empirical economic analysis of high-expectation start-ups" by Martin Curley and Piero Formica, published in the December 2008 issue of "Industry and Higher Education". Curley and Formica introduce a new concept for high-expectation start-ups, involving the use of "laboratory experiments". These experiments prepare potential entrepreneurs for the challenges they will face by providing a combination of interactive business experience and an opportunity to deepen their knowledge of their future markets. This article argues that a database providing information about previous start-ups could be of great use to the would-be entrepreneur and would enhance the value of the experimental phase. The database would provide instant access to information that would contribute to the experimental process. Ready access to the histories of previous start-ups would help new entrepreneurs to learn from the successes and failures of others. In this respect it would increase their chances of turning their ambitious business ideas into practical realities outside the simulation bubble.
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Publication Type: Journal Articles; Opinion Papers; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A