Factors critical in overcoming the liability of newness: Highlighting the role of familyThe journal of private equity
Date of this Version1-1-2009
Document TypeJournal Article
AbstractWith a focus on the role of family, we explore factors critical in enabling start-up ventures to attain legitimacy and overcome the liability of newness. Drawing from multiple interviews with leaders of seven start-up ventures, we investigate the function of a variety of factors [e.g., family, distributors, financial supporters, etc.] deemed critical in attaining venture legitimacy. To validate our findings, we conducted additional interviews with three established family ventures. Our discussion highlights the role of family as a legitimizing strategy and provides an increased awareness of how internal and external resources are leveraged by the start-up to gain legitimacy.
Citation InformationClay Dibrell, Justin B. Craig, Ken Moores, Aaron J. Johnson, et al.. "Factors critical in overcoming the liability of newness: Highlighting the role of family" United StatesThe journal of private equity Vol. 12 Iss. 2 (2009) p. 38 - 48
Available at: http://works.bepress.com/ken_moores/26/