Founders for hire? The role of venture studios in breaking the individual-opportunity nexus
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1-s2.0-S0883902626000303-main.pdf
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1.84 MB
Format
Adobe PDF
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Author(s)
Coelsch-Foisner, Constanze
Vandeweghe, Laurens
Clarysse, Bart
Murray, Fiona
Date Issued
July 2026
Journal
Journal of Business Venturing
Publisher
Elsevier
Version
Final published version
Abstract
Entrepreneurship theory has often posited the founder as the central agent of venture creation; from identifying opportunities, to mobilizing resources, and driving execution. We examine how venture studiosorganizations that systematically create new ventures by taking over traditionally founder-led processeschallenge this assumption. Drawing on an inductive multiple case study of 16 venture studios with 50 primary and secondary interviews, we reveal how venture studios develop and validate ideas independently from founders prior to recruiting them, and how they coordinate the entrepreneurial process when these functions are separated. Our findings contribute to the literature on the individual-opportunity nexus, the entrepreneurial process and open the research agenda on venture studios as a new phenomenon in entrepreneurship.
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Creative Commons Attribution-NoDerivatives
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1016/j.jbusvent.2026.106600
