IDEAS home Printed from https://ideas.repec.org/a/nwe/eajour/y2014i3p15-24.html
   My bibliography  Save this article

Models and Tools for Technology Start-Up Companies Success Analysis

Author

Listed:
  • Kaloyan Haralampiev
  • Boyan Yankov
  • Petko Ruskov

Abstract

The designs presented in the article are fastened in the authors’ years-long research on entrepreneurship and business model innovations. A quantitative research was performed to derive a model for predicting the success of Bulgarian startup companies. The authors started this research with in-depth inquiries of start-up companies in Bulgaria. Under our guidance, several research analysts investigated each start-up using approximately 100 questions. The preceding research stages included an overview and an analysis of existing success prediction models, a new abstract success prediction model, a venture creation process model and a qualitative research. The abstract success prediction model was extended with measurable variables with the help of a quantitative research of Bulgarian entrepreneurs. The current dataset of companies has been enriched with more cases and has been analyzed using data mining software: IBM SPSS Modeler, which automatically tests different models and suggests the best performing ones and also with the open source product Weka. The best derived model is a classification tree that correctly predicts the success of technology start-ups from the dataset in 83,76% of the test cases. The analysis revealed the answers to challenges and questions that start-up companies face and implemented a model that was deployed into an information system for start-ups success prediction. The developed information system will help to predict the success of start-ups. The software will evolve iteratively, and by involving more companies to use it, will grow its database.

Suggested Citation

  • Kaloyan Haralampiev & Boyan Yankov & Petko Ruskov, 2014. "Models and Tools for Technology Start-Up Companies Success Analysis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 15-24, October.
    • Handle: RePEc:nwe:eajour:y:2014:i:3:p:15-24
    as

    Download full text from publisher

    File URL: http://www.unwe.bg/uploads/Alternatives/2_broi_3_2014.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James J. Chrisman & Alan Bauerschmidt & Charles W. Hofer, 1998. "The Determinants of New Venture Performance: An Extended Model," Entrepreneurship Theory and Practice, , vol. 23(1), pages 5-29, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stanley Ibeku, 2018. "Organisational Learning, Innovation And Performance Of Technology Start-Ups In Lagos, Nigeria," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-15, April.
    2. Sheetal Malik & Praveen Sahu, 2024. "Significant entrepreneurial factors: a regional perspective," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-10, December.
    3. Falco J. Bargagli-Stoffi & Jan Niederreiter & Massimo Riccaboni, 2020. "Supervised learning for the prediction of firm dynamics," Papers 2009.06413, arXiv.org.
    4. Dafei Yin & Jing Li & Gaosheng Wu, 2021. "Solving the Data Sparsity Problem in Predicting the Success of the Startups with Machine Learning Methods," Papers 2112.07985, arXiv.org.
    5. Macalik Joanna, 2023. "Personal Brand — Instructions of Use. Do Young Professionals Want and Need to be Taught Personal Branding?," Marketing of Scientific and Research Organizations, Sciendo, vol. 48(2), pages 41-60, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniel Blaseg & Christian Schulze & Bernd Skiera, 2020. "Consumer Protection on Kickstarter," Marketing Science, INFORMS, vol. 39(1), pages 211-233, January.
    2. Feng Guo & Bo Zou & Jinyu Guo & Yan Shi & Qingwen Bo & Liangxing Shi, 2019. "What determines academic entrepreneurship success? A social identity perspective," International Entrepreneurship and Management Journal, Springer, vol. 15(3), pages 929-952, September.
    3. Muhammad Anwar & Sher Zaman Khan & Najib Ullah Khan, 2018. "Intellectual Capital, Entrepreneurial Strategy and New Ventures Performance: Mediating Role of Competitive Advantage," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 10(1), pages 63-94, March.
    4. Jana Drechsler & Jan-Thomas Bachmann & Andreas Engelen, 2019. "The effect of immigrants in the founding team on the international attention of new ventures," Journal of International Entrepreneurship, Springer, vol. 17(3), pages 305-333, September.
    5. Seo, Joo Hwan & Perry, Vanessa G. & Tomczyk, David & Solomon, George T., 2014. "Who benefits most? The effects of managerial assistance on high- versus low-performing small businesses," Journal of Business Research, Elsevier, vol. 67(1), pages 2845-2852.
    6. James J. Chrisman & Hanqing C. Fang & Lloyd Steier, 2023. "Positioning, Articulating, and Crafting Conceptual Articles on Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 47(2), pages 211-231, March.
    7. Fehmi Tanrısever & S. Sinan Erzurumlu & Nitin Joglekar, 2012. "Production, Process Investment, and the Survival of Debt‐Financed Startup Firms," Production and Operations Management, Production and Operations Management Society, vol. 21(4), pages 637-652, July.
    8. Sali Li & William Schulze & Zhineng Li, 2009. "Plunging into the sea, again? A study of serial entrepreneurship in China," Asia Pacific Journal of Management, Springer, vol. 26(4), pages 667-680, December.
    9. Chrisman, James J. & McMullan, Ed & Hall, Jeremy, 2005. "The influence of guided preparation on the long-term performance of new ventures," Journal of Business Venturing, Elsevier, vol. 20(6), pages 769-791, November.
    10. Li Ma & Yue Cao & Dake Jiang & Yang Gao & Xiaomin Du, 2020. "Does ethics really matter to the sustainability of new ventures? The relationship between entrepreneurial ethics, firm visibility and entrepreneurial performance," PLOS ONE, Public Library of Science, vol. 15(1), pages 1-23, January.
    11. Mmbaga, Nick A. & Lerman, Michael P. & Munyon, Timothy P. & Lanivich, Stephen E., 2023. "Juggling Act: Waged time investments and the health–wealth trade-off," Journal of Business Research, Elsevier, vol. 158(C).
    12. Y. Lisa Zhao & Michael Song & Gregory L. Storm, 2013. "Founding Team Capabilities and New Venture Performance: The Mediating Role of Strategic Positional Advantages," Entrepreneurship Theory and Practice, , vol. 37(4), pages 789-814, July.
    13. Yanxia Li & Bo Zou & Feng Guo & Jinyu Guo, 2022. "Academic entrepreneurs’ effectuation logic, role innovation, and academic entrepreneurship performance: an empirical study," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 49-72, March.
    14. Chang, Erick P.C. & Chrisman, James J. & Kellermanns, Franz W., 2011. "The relationship between prior and subsequent new venture creation in the United States: A county level analysis," Journal of Business Venturing, Elsevier, vol. 26(2), pages 200-211, March.
    15. Jiang, Guohua & Kotabe, Masaaki & Hamilton, Robert D. & Smith, Sheryl Winston, 2016. "Early internationalization and the role of immigration in new venture survival," International Business Review, Elsevier, vol. 25(6), pages 1285-1296.
    16. Jennifer M. Sequeira & Jon C. Carr & Abdul A. Rasheed, 2009. "Transnational Entrepreneurship: Determinants of Firm Type and Owner Attributions of Success," Entrepreneurship Theory and Practice, , vol. 33(5), pages 1023-1044, September.
    17. Bo Zou & Jinyu Guo & Feng Guo & Yan Shi & Yanxia Li, 2019. "Who am I? The influence of social identification on academic entrepreneurs’ role conflict," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 363-384, June.
    18. Claudio Loporcaro & Vito Albino & Angelo Natalicchio, 2023. "Regional Legacy Effects on Radically Innovative New Ventures’ Risks," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(2), pages 376-419, July.
    19. Rosangela Feola & Massimiliano Vesci & Ezio Marinato & Roberto Parente, 2021. "Segmenting “digital investors”: evidence from the Italian equity crowdfunding market," Small Business Economics, Springer, vol. 56(3), pages 1235-1250, February.
    20. A. Bikfalvi & G. Lay & S. Maloca & B. Waser, 2013. "Servitization and networking: large-scale survey findings on product-related services," Service Business, Springer;Pan-Pacific Business Association, vol. 7(1), pages 61-82, March.

    More about this item

    Keywords

    technology start-ups; success prediction; prediction tool; start-ups analysis;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:eajour:y:2014:i:3:p:15-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.