JOURNAL ARTICLE

Research: The Risks of Founding a Startup Near Big Companies.

  • Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Bessen, Jim; Poege, Felix; Röttger, Ronja 3 of 3

Abstract

The article discusses the impact of large firm hiring on local startups' growth, based on an analysis of over 180 million job ads. Proximity to talent in tech clusters can provide access to specialists but may lead startups to offer high wages, limiting capital for other initiatives. The research suggests that large firms' hiring patterns significantly affect startups' ability to grow, with recommendations provided for startups to navigate this complex landscape effectively. Startups should consider talent requirements, competition for talent, and regional policymaking when making location decisions to successfully scale and compete in dense markets. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2024/11, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:181242479
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