Predicting success in the worldwide start-up network
Predicting success in the worldwide start-up network
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DOI:
10.1038/s41598-019-57209-w
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发表时间:
2020-01-15
影响因子:
4.6
通讯作者:
Latora, Vito
中科院分区:
文献类型:
--
作者:
Bonaventura, Moreno;Ciotti, Valerio;Latora, Vito
By drawing on large-scale online data we are able to construct and analyze the time-varying worldwide network of professional relationships among start-ups. The nodes of this network represent companies, while the links model the flow of employees and the associated transfer of know-how across companies. We use network centrality measures to assess, at an early stage, the likelihood of the long-term positive economic performance of a start-up. We find that the start-up network has predictive power and that by using network centrality we can provide valuable recommendations, sometimes doubling the current state of the art performance of venture capital funds. Our network-based approach supports the theory that the position of a start-up within its ecosystem is relevant for its future success, while at the same time it offers an effective complement to the labour-intensive screening processes of venture capital firms. Our results can also enable policy-makers and entrepreneurs to conduct a more objective assessment of the long-term potentials of innovation ecosystems, and to target their interventions accordingly.