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Last Published September 04, 2020 11:37 AM September 07, 2020 02:00 AM
Primary Outcomes (End Points) 1. Revenue: our main dependent variable is the amount of revenue (euros) 2. Dropout: this is a binary variable that takes value 0 until the firm drops out (they abandon the program and cease the startup), 1 in the time period in which the firm drops out, and it is a missing value thereafter. In order to avoid attrition biases, we will check that the entrepreneurs that leave the program will actually cease any entrepreneurial activity. 3. Pivot: this is the cumulative number of times in which a startup makes a major change to its business model. We defined a change to be major by analyzing whether the entrepreneur moved from the original idea to another idea that changed the core value proposition of the product or service. The research team will also examine potential mechanisms behind these outcomes by collecting variables related to how entrepreneurs make decisions. The key mechanism being tested is precision and improvement in the precision of predictions. 1. Revenue: our main dependent variable is the amount of revenue (euros) 2. Dropout: this is a binary variable that takes value 0 until the firm drops out (they abandon the program and cease the startup), 1 in the time period in which the firm drops out, and it is a missing value thereafter. In order to avoid attrition biases, we will check that the entrepreneurs that leave the program will actually cease any entrepreneurial activity. 3. Pivot: this is the cumulative number of times in which a startup makes a major change to its business model. We defined a change to be major by analyzing whether the entrepreneur moved from the original idea to another idea that changed the core value proposition of the product or service. The research team will also examine potential mechanisms behind these outcomes by collecting variables related to how and when entrepreneurs make decisions. The key mechanism being tested is precision and improvement in the precision of predictions.
Secondary Outcomes (End Points) The research team is also examining the interaction of the treatments with a number of covariates of interest, including: a) Gender b) Psychological traits c) Perception of competition and information sharing d) Management practices adopted by the entrepreneurial teams e) Well-being f) Passion g) Communication h) Knowledge sharing among team members i) Influence of external mentors j) Role of experience and background in adopting different approaches The research team is also examining the interaction of the treatments with a number of covariates of interest, including: a) Gender b) Psychological traits c) Perception of competition and information sharing d) Management practices adopted by the entrepreneurial teams e) Well-being f) Accumulation of knowledge g) Passion h) Communication i) Knowledge sharing among team members j) Influence of external mentors k) Role of experience and background in adopting different approaches
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