Article (Scientific journals)
Schumpeterian entrepreneurial digital identity and funding from venture capital firms
Block, Jörn; Fisch, Christian; Diegel, Walter
2022In Journal of Technology Transfer
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Keywords :
Entrpereneurial identity; Digital identity; Venture capital; Schumpeterian entrepreneurship; Twitter; Text analysis
Abstract :
[en] Schumpeterian entrepreneurs are considered agents of innovation and technology transfer. However, to fulfill this role, they need entrepreneurial finance. From the perspective of digital identity, we examine the relationship between a Schumpeterian digital identity and venture capital (VC) funding. Because the VC industry celebrates innovative and visionary entrepreneurship, we posit that a founder’s digital identity as a Schumpeterian-type entrepreneur influences the venture’s chances of receiving VC funding. A quantitative analysis of the language used by 3313 founders in a large sample of Twitter messages, however, provides a mixed picture. While some dimensions of Schumpeterian entrepreneurship have a positive relationship with the acquisition of resources from VC firms (entrepreneurial vision and optimism), other dimensions seem to have no (uncertainty tolerance and rationality) or even a decreasing (achievement motivation) effect. The negative relationships observed can be explained by the particularities of the VC business model, which does not align with Schumpeterian entrepreneurship in all respects. Our study contributes to research on Schumpeterian entrepreneurship, the financing of technology transfer, and the link between entrepreneurial digital identity and entrepreneurial finance. From a practical perspective, the results of our study demonstrate the limits of VC with regard to the financing of technology transfer and highlight the need for public funding through governmental VC or agencies for (disruptive) innovation.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > EINT-Entrepreneurship, Innovation and New Technology
Disciplines :
Strategy & innovation
Author, co-author :
Block, Jörn
Fisch, Christian  ;  University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > Entrepreneurship, Innovation, and New Technology (EINT)
Diegel, Walter
External co-authors :
Language :
Title :
Schumpeterian entrepreneurial digital identity and funding from venture capital firms
Publication date :
Journal title :
Journal of Technology Transfer
Publisher :
Technology Transfer Society, United States
Peer reviewed :
Peer Reviewed verified by ORBi
Focus Area :
Entrepreneurship and Innovation / Audit
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since 19 November 2022


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