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The purpose of this paper is to examine how entrepreneurship culture affects start-up and venture capital co-evolution during the early evolution of an entrepreneurial ecosystem (EE) and its ability to foster the emergence of ambitious entrepreneurship as an outcome of its activity. Unlike studies that capture entrepreneurship culture at the national level, this study focusses specifically on the culture of venture capital-financed entrepreneurship and understanding its implications to the development of venture capital markets and successful firm-level outcomes within ecosystems.

Relying on EE and organisational imprinting theory, this study specifies characteristics of venture capital-financed entrepreneurship of Silicon Valley to illustrate the American way of building start-ups and examine whether they have as imprints affected to the entrepreneurship culture and start-up and venture capital co-evolution in Finland during the early evolution of its EE between 1980 and 1997.

The results illustrate venture capital-financed entrepreneurship culture as a specific example of entrepreneurship culture beneath the national level that can vary across geographies like the findings concerning Finland demonstrate. The findings show that this specific culture matters through having an impact on the structural evolution and performance of EEs and on the ways how they deliver or fail to deliver benefits to entrepreneurs.

The results show that venture capital-financed entrepreneurship and the emergence of success stories as outcomes of start-up and venture capital co-evolution within an EE are connected to a specific type of entrepreneurship culture. This paper also contributes to the literature by connecting the fundamentals of organisational imprinting to EE research.

Small firms, which represent much of the Silicon Valley region, tend to experience losses due to their small scale, small customer base and lack of diversification. The authors study the impact of accounting conservatism and losses on firm value and as such this study is an appropriate addition to this growing field of financial management.

The authors use methodology developed in prior literature to examine Silicon Valley and non-Silicon Valley firms' and their behavior when facing losses and the factors, which might play a role in their valuation. The authors focus particularly on earnings and accounting conservatism. Accounting conservatism captures how fast firms record losses relative to gains. The faster losses are recognized than gains the more accounting conservatism is exhibited. The authors examine the seemingly unrelated estimation of differences in means for our independent variables of interest across the two samples of Silicon Valley and non-Silicon Valley firms, both earnings and accounting conservatism. The authors use matched sample analysis of these firms based on four digit SIC code, size and date. In robustness, the authors run a more in-depth propensity score matched sample analysis.

The authors document that market values of Silicon Valley firms with accounting losses are affected less by negative earnings than other firms with accounting losses in the United States outside of the Silicon Valley region, noting the “lose big, win bigger” sentiment of Silicon Valley. Additionally, the authors document that accounting conservatism does play a role in influencing valuations of companies with accounting losses both in Silicon Valley and the rest of the United States, marginally more for Silicon Valley firms.

This study would be of interest to fund managers who need to consider smaller firms for inclusion in their portfolios. A lot of small firms have experienced losses ever since going public, especially Silicon Valley start-up firms.

In this paper, the authors aim to examine some characteristics of the innovation system and policy in France and China. For comparison, they also highlight some high technology features of Silicon Valley and California.

The authors study the characteristics of innovation in France and in China. The authors examine the technology systems and policies in both countries and compare their features with those in Silicon Valley.

As far as France is concerned, it can be stated that the innovation system and policy are under transformation, going from a strong state involvement to a more decentralized framework. This evolution leads to a multi-level governance of the innovation system and to the emergence of new actors. For China, the most interesting development in China is the evolution of its internet-related sector. The authors argue here that the internet-driven economy is a radical, systemic technological change and it is rapidly growing in China.

One of the earliest papers comparing the innovation policies and activities in France, China and Silicon Valley.

The increased capital intensity of venture capital supply and the increased knowledge intensity of new venture supply have created a knowledge gap and recreated a capital gap between new venture activity and venture capital industry. This development has given rise to an all‐new breed of players. In this descriptive, qualitative study, V2C activity is explored in a local context through comparison of cases Tampere (Finland) and Silicon Valley (USA). In Silicon Valley, the dominant group of V2C players is business angels, whereas in Tampere, publicly funded incubators play the most visible role in new venture development. Nevertheless, in both areas, five different categories of V2C players are represented, and, in both, bridge the gaps to a significant extent.

The purpose of this paper is to present the case of Bangalore, the capital of Karnataka, a state in the South of India, which is the centre of this research project.

Starting with a summary of the theoretical context of this district, the paper considers the informationalism paradigm. Then, it analyzes in depth the context of Bangalore, with the analytical session devoted to the institutional actors involved and their relationships, heart of the entire system. In the final part, the paper attempts to give meaning to the identity of Bangalore, and also it investigates its future sustainability, both economic and social.

The paper finds that Bangalore is not the Silicon Valley of Asia. According to the district literature, each district has its own specific and unrepeatable features.

It is useful as an analytical expedient to study specifically the district of Bangalore itself, its evolution and its characteristics.

Scholars are increasingly adopting an ecosystems perspective focused on the complex systems of factors that influence organizations. A type of ecosystem that is receiving significant academic and practitioner attention is the entrepreneurial ecosystem (EE): the interconnected system of actors and forces that supports or hinders entrepreneurship in a geographic area. However, the role that leaders play in ecosystem development, particularly in unmunificent contexts, has received little attention. The purpose of this study was to investigate EE leadership and development and induce a theory explaining how it unfolds.

An inductive research design was combined with the case study methodology to analyze the leadership of an entrepreneurial support organization (an incubator) and its role in developing an entrepreneurial ecosystem.

The findings revealed that incubator leaders constructed a dynamic leadership model that evolved as the EE developed and was tailored to the region's strengths and weaknesses.

The study contributes to research at the nexus of leadership and entrepreneurship by introducing a new level of analysis (the meta-organization), focusing on an underexamined leader type (the support organization) and emphasizing the interplay between leadership and regional characteristics.

This paper aims to investigate the composition and geography of an emerging “creative digital” cluster in London, in the context of cluster theory and emerging creative cluster concepts. This argues that this cluster cannot be divorced from the wider regional creative and digital economy and that its inter-dependence with a small number of “content” industries is critical to its formation. The significance of the “creative digital” firm blending design, communications and technological development is highlighted, as is its unique position in enabling such firms to flourish.

The research combines both quantitative with qualitative methods, based on cluster analysis of firm-level business data using GIS mapping software at a regional level; location quotient (LQ) analysis to reveal firm concentration at a local cluster level; an online questionnaire survey of firms within this cluster; participant observation of firm meet-ups over a three-year period; and face-to-face interviews with a sample of firms/owners.

The evidence generated from this research confirms the distinctive nature of this digital cluster and the benefits of co-location in an industrial district with proximities to a range of advanced producer services and cultural content provision. This has revealed an emerging “techno-creative habitus” (Scott 2010), which has been able to take advantage of market fluidity through a network of communities of interest firms, which have reshaped an existing global hub locally anchored by a highly porous locale.

The research is novel in combining spatial data analysis with qualitative research into firm behaviour and place-based factors that support the growth of this cluster. This has revealed new insights into the hybrid nature of tech firms that integrate content with both hardware and software applications and who innovate and grow through inter-personal cluster networks. This contributes to cluster theory and extends the range of proximities – social, institutional and cultural – that enhance the geographic advantages of clustering in this case.

The purpose of this paper is to examine the composition of the executive pipeline in the San Francisco Bay Area technology sector and measure the effects of race and gender in management and executive representation. The authors’ report spotlights the evolving challenges for Asians, Blacks, Hispanics and minority women in climbing the professional ladder to success in San Francisco Bay Area technology companies.

The authors analyze the aggregate EEOC tech workforce 2007-2015 data and find scant progress in improving upward management mobility for minority men and women.

Race was a more significant factor than gender as an impediment to climbing the management ladder. Asians were the most likely to be hired but least likely to be promoted. Blacks and the Hispanics had declined in their representation of the professional workforce.

Using historical data sets from the Equal Employment Opportunity Commission, the authors introduce a new metric, the Executive Parity Index™, to measure the effects of gender and race on executive representation in the San Francisco Bay Area workforce in technology sectors. By analyzing the intersection of race, gender in the leadership pipeline, the authors are able to uncover new and surprising insights about the glass ceiling for racial minority groups from 2007-2015.