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Frontiers of Entrepreneurship Research
1997 Edition

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NOVICE, PORTFOLIO AND SERIAL FOUNDERS: ARE THEY DIFFERENT?
Paul Westhead, University of Stirling Mike Wright, University of Nottingham

INTRODUCTION
TABLE 1
THEORY AND DERIVATION OF PROPOSITIONS
DATA COLLECTED
TESTING THE PROPOSITIONS

    Univariate Analysis
    Personal Background of the Founder
    Work Experience of the Founder
    Reasons Leading to Start-Up
    Personal Attitudes to Entrepreneurship
    Sources of Finance Used During the Launch Period
    Future of the Business
    Performance of the Business
    Discriminant Analysis

CONCLUSIONS AND IMPLICATIONS FOR FUTURE RESEARCH
REFERENCES
TABLE 2A
TABLE 2B

ABSTRACT

The characteristics and performance of independent small firms in the United Kingdom owned by novice, portfolio and serial founders were compared. Implications for future research studying entrepreneurial careers and independent businesses over time are discussed.

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