PT  - JOURNAL ARTICLE
AU  - Clay Dibrell
AU  - Justin B Craig
AU  - Ken Moores
AU  - Aaron J Johnson
AU  - Peter S Davis
TI  - Factors Critical in Overcoming the Liability of Newness: <em>Highlighting the Role of Family</em>
AID  - 10.3905/JPE.2009.12.2.038
DP  - 2009 Feb 28
TA  - The Journal of Private Equity
PG  - 38--48
VI  - 12
IP  - 2
4099  - https://pm-research.com/content/12/2/38.short
4100  - https://pm-research.com/content/12/2/38.full
AB  - With a focus on the role of family, we explore factors critical in enabling start-up ventures to attain legitimacy and overcome the liability of newness. Drawing from multiple interviews with leaders of seven start-up ventures, we investigate the function of a variety of factors [e.g., family, distributors, financial supporters, etc.] deemed critical in attaining venture legitimacy. To validate our findings, we conducted additional interviews with three established family ventures. Our discussion highlights the role of family as a legitimizing strategy and provides an increased awareness of how internal and external resources are leveraged by the start-up to gain legitimacy.TOPICS: Private equity, in portfolio management, quantitative methods, developed