Beyond Finance: Enhancing Support for New Technology Start-Up Founders
Beyond Finance: Enhancing Support for New Technology Start-Up Founders
StatusVoR
Alternative title
Authors
Ziemiański, Paweł
Stankiewicz, Katarzyna
Wyrwiński, Jan
Retowski, Sylwiusz
Lipnicki, Bartosz
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Date
2025-01-27
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IEEE Access
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13
Pages
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20620-20632
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2025-01-27
Abstract PL
Abstract EN
The article addresses a gap in the literature by examining the stressors and challenges specific to new technology start-up founders, an under-researched group of entrepreneurs operating at the intersection of innovation and business. The study’s novelty lies in applying the Job Demands-Resources (JD-R) model to the venture capitalist-founder relationship, highlighting the importance of balancing high job demands with adequate resources to enhance entrepreneurial well-being and success. Using a qualitative research design, the conducted study involved semi-structured interviews with 22 technology start-up founders across Europe to explore their unique challenges, demands, and support needs. The data were analyzed using template analysis, revealing three core challenges: managing the development of their technology-driven companies, maintaining mental and physical health, and achieving work-life balance. Based on these findings, the authors propose a novel, tailored support system for technology founders, incorporating mentorship, mental health resources, and strategies for maintaining work-life balance. This system is designed to meet the unique needs of technology entrepreneurs, with a focus on confidentiality, proven effectiveness, and flexibility. Venture capitalists are encouraged to implement such systems to alleviate the pressures on technology start-up founders and foster the sustainability and success of their ventures.
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Keywords PL
Keywords EN
founders of technology start-ups
managing dark side of entrepreneurship
new technology-based firms
supporting start-ups
venture capitalists
managing dark side of entrepreneurship
new technology-based firms
supporting start-ups
venture capitalists
Keywords other
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