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WI Institute of Rural Economics

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Presentation on serial entrepreneurship at the ZEW Mannheim

It is often assumed that entrepreneurs with prior founding experience are more successful than first-time founders. However, the research findings of Christian Bergholz and Petrik Runst challenge this assumption.

Photo of Christian Bergholz and Petrik Runst in the foreground, with ZEW Mannheim in the background.
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Christian Bergholz (left) and Petrik Runst.

At the sixth “Conference on the Dynamics of Entrepreneurship” at ZEW Mannheim, Christian Bergholz and Petrik Runst presented their latest research findings on serial entrepreneurship. Their analyses confirm the surprising results that serial entrepreneurs exit the market faster than first-time founders.

In their analysis, Bergholz and Runst also address possible explanations for this unexpected finding. Their results suggest that serial entrepreneurs have a different personality structure than one-time founders — they are more open, more risk-tolerant, and less conscientious. Nevertheless, their research also reveals a certain learning effect: each additional year of entrepreneurial experience increases the likelihood that a business will survive in the market.

Contact: Dr. Christian Bergholz

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