Keywords: novice founders, portfolio founders, serial founders, work experience, start–ups, performance, employment size, Japan, job generation, wealth creation, assistance benefits, assistance costs, start–up assistance, entrepreneurship, firm creation
Novice, serial, and portfolio founders in Japan
In Japan, very few studies have been conducted that have explored the behaviours of nascent, novice, serial, and portfolio founders. Policy–makers in Japan have thus far focused upon nascent founders and provided various start–up assistance programmes enable them to become novice founders. They have not assessed the benefit as well as costs of providing assistance to nascent founders compared with novice, portfolio, and serial founders. When assuming the policy objectives of job generation and wealth creation, our explanatory study shows that serial founders made significantly larger contributions to job generation and wealth creation than their counterparts. As a remaining research problem, we point out to conducting the estimation of causality between the variables adopted.