Fondazione GRINS
Growing Resilient,
Inclusive and Sustainable
Galleria Ugo Bassi 1, 40121, Bologna, IT
C.F/P.IVA 91451720378
Finanziato dal Piano Nazionale di Ripresa e Resilienza (PNRR), Missione 4 (Infrastruttura e ricerca), Componente 2 (Dalla Ricerca all’Impresa), Investimento 1.3 (Partnership Estese), Tematica 9 (Sostenibilità economica e finanziaria di sistemi e territori).



Open Access
THEMATIC AREAS
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The phenomenon of family members launching start-ups together, known as family start-ups, has garnered increasing scholarly attention. This study investigates the value of family ties, providing insights into the diversity and performance of family start-ups, by examining their survival in equity crowdfunding markets—a vital yet underexplored area. While prior research has linked entrepreneurial team composition to start-up survival in equity crowdfunding, this paper advances the literature by focusing on the nuances of family embeddedness. We hypothesize the effects of such nuances on the survival of start-ups initiated by family versus non-family teams, by same-generation versus inter-generation family teams, and by siblings versus spousal same-generation family teams. Using data from the UK equity crowdfunding market, our findings reveal significant effects of family embeddedness nuances on start-up survival. This research contributes to the understanding of family start-ups by intersecting equity financing, entrepreneurship, and family embeddedness.
AKNOWLEDGEMENTS
This study was funded by the European Union - NextGenerationEU, in the framework of the GRINS - Growing Resilient, INclusive and Sustainable project (GRINS PE00000018). The views and opinions expressed are solely those of the authors and do not necessarily reflect those of the European Union, nor can the European Union be held responsible for them.
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