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Hypergrowth Exit Mindset: Destroying Societal Wellbeing through Venture Capital Biased Social Construction of Value
Journal of Management Inquiry ( IF 2.709 ) Pub Date : 2020-05-29 , DOI: 10.1177/1056492620929085
Laura Lam 1 , Marc-David L. Seidel 2
Affiliation  

Exit! Exit! Exit! Our innovation ecosystems are focused on this goal above all else, thanks to the reliance on venture capital. Young potential entrepreneurs talk about exit strategies before even creating an innovation or starting a business. Our innovation ecosystems push them to do so in many ways. Seemingly straightforward questions to budding entrepreneurs such as “What is your exit strategy?” drastically shift focus and outcomes away from creating long–term societally beneficial innovations. We argue that this hypergrowth exit mindset is destroying societal wellbeing due to its laser focus on increasing socially constructed exit value above all else. As a field we need much more research about the antecedents and consequences of the mindset, as well as research informed alternative innovation models. To address this fertile research area, we call for more research on alternative models of innovation built upon societal wellbeing as opposed to exit valuations.

中文翻译:

Hypergrowth Exit Mindset:通过风险投资偏向的价值社会建设破坏社会福祉

出口!出口!出口!由于对风险投资的依赖,我们的创新生态系统将这一目标放在首位。年轻的潜在企业家甚至在创造创新或创业之前就谈论退出策略。我们的创新生态系统以多种方式推动他们这样做。对于初出茅庐的企业家来说,看似简单的问题,例如“你的退出策略是什么?” 将重点和成果从创造长期有益于社会的创新上彻底转移。我们认为,这种高速增长的退出心态正在破坏社会福祉,因为它专注于增加社会构建的退出价值高于一切。作为一个领域,我们需要更多关于心态的前因和后果的研究,以及研究知情的替代创新模型。为了解决这个肥沃的研究领域,
更新日期:2020-05-29
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