Our long tradition of research in Entrepreneurship goes back to the 1930's and 1940's with the "father of venture capitalism,"
General Georges Doriot, and Joseph Schumpeter's theory of innovation as a process of "creative destruction;"
as well as his interdisciplinary Center for Research on Entrepreneurial History based at HBS and with its journal Explorations in Entrepreneurial History
. Building on our intellectual roots, our scholars come from a variety of disciplines including economics, finance, sociology, strategy, business history, management, and social entrepreneurship. In addition, a number of our faculty come from practice as venture capitalists and start-up founders, which brings a wealth of experience that is of great benefit to our research. As a result, our footprint is marked by the span and depth of our research which can be applied across a variety of platforms and methodologies. We tend to focus on the following categories:
- The identification and pursuit of opportunities at startups and established firms
- Domestic and international funding for entrepreneurial endeavors
- Innovation, particularly technological innovation in international ventures
- The environment in which entrepreneurs make decisions across national borders, cultures, legal systems, and time
- Social entrepreneurship
Large-scale projects and the use of longitudinal data are at the core of our research engine. Over the past 12 years, Noam Wasserman
has been building the world’s most comprehensive database of start-up executive compensation
. As another example, Felda Hardymon, Josh Lerner
, and Tom Nicholas
have joined together in a collaborative effort to examine the past, present, and the future of the venture capital industry in order to understand one of the most significant channels for the provision of entrepreneurial finance over time, with such studies as a work by Nicholas on one of the oldest venture capital firms in the US
. As our research contributes new insights, we are advancing the world’s understanding of complex entrepreneurial issues and helping to increase the entrepreneurial success of our students and practitioners worldwide.