#4807. Taking the entrepreneur out of entrepreneurship

July 2026publication date
Proposal available till 27-05-2025
4 total number of authors per manuscript0 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Business and International Management;
Strategy and Management;
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Abstract:
This ‘Debate Essay’ responds to the extensive overview of research on new venture survival. The material they reviewed exclusively emphasized the link between the talents, skills, awareness of the business owner and new venture outcomes. Our case is that such a review is incomplete, even misleading, because it omits the key concept of ‘chance’, and all references to the stream of literature demonstrating that new venture performance is best explained by the gambling analogy. We therefore set out the Gamblers Ruin model in which new venture performance is a random walk and exit depends on access to financial resources—chips. This model takes the entrepreneur out of entrepreneurship.
Keywords:
New venture survival; entrepreneurship; financial resources; gambling; skills

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