A Little Bit of Knowledge Is a Dangerous Thing: Entrepreneurial Experience and New Venture Disengagement

Rasmus Toft-Kehler, Karl Wennberg, Phillip H. Kim

    Research output: Contribution to journalJournal articleResearchpeer-review


    Existing research has offered conflicting narratives of how entrepreneurial experience influences whether founders will continue working on or disengage from their ventures. We theorize and test how entrepreneurs with varying levels of experience disengage from early-stage companies. Findings reveal a U-shaped relationship, such that novices and highly experienced entrepreneurs are more likely to quit their ventures, while moderately experienced entrepreneurs are more likely to persist in their pursuits. We offer both theoretical and empirical explanations for how the propensity to disengage from new ventures evolves with entrepreneurial experience.
    Original languageEnglish
    JournalJournal of Business Venturing Insights
    Pages (from-to)36-46
    Number of pages11
    Publication statusPublished - Dec 2016


    • Serial entrepreneurship
    • Disengagement
    • Experience curves
    • Entrepreneurial behavior

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