@article {Teal38, author = {Elisabeth J. Teal and Charles W. Hofer}, title = {The Determinants of New Venture Success}, volume = {6}, number = {4}, pages = {38--51}, year = {2003}, doi = {10.3905/jpe.2003.38}, publisher = {Institutional Investor Journals Umbrella}, abstract = {New ventures are an important part of a healthy economy (Birch [1979]; Birley [1986]; Cooper Willard, and Woo [1986]). They are vital to the U.S. economy, with most of the net new jobs created by new ventures (Birch [1979]; Timmons [1994]). The formation of new ventures in the United States is increasing (U.S. Small Business Administration [1986]). However, the failure rate of new ventures is substantial, with the majority of the ventures failing prior to their third year (Ibrahim and Goodwin [1986]).}, issn = {1096-5572}, URL = {https://jpe.pm-research.com/content/6/4/38}, eprint = {https://jpe.pm-research.com/content/6/4/38.full.pdf}, journal = {The Journal of Private Equity (Retired)} }