What makes for a successful startup?
Founder personalities, gender, delusion, and success
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Startup companies solve many of today’s most challenging problems, such as the decarbonisation of the economy or the development of novel life‐saving vaccines. Startups are a vital source of innovation, yet the most innovative are also the least likely to survive. The probability of success of startups has been shown to relate to several firm‐level factors such as industry, location and the economy of the day. Still, attention has increasingly considered internal factors relating to the firm’s founding team, including their previous experiences and failures, their centrality in a global network of other founders and investors, as well as the team’s size. The effects of founders’ personalities on the success of new ventures are, however, mainly unknown.
On Network Capital, we love discussing the idea of high risk-high reward careers. We love to explore what and how we can optimise our changes of meaningful work and social impact. Working in high-growth startups is an obvious path that a lot of us stumble onto. That said understanding the nature of risk and if this startup might be good fit for you is a tricky territory to navigate.
In a recent research produced by the Oxford Internet Institute they study founder personalities to study the potential of startup success.