fbpx Financing Entrepreneurial Experimentation | Harvard Kennedy School

Additional Authors:

  • Ramana Nanda
  • Matthew Rhodes-Kropf


Financing Entrepreneurial Experimentation. Ramana Nanda, Matthew Rhodes-Kropf, June 2015, Paper, "The fundamental uncertainty of new technologies at their earliest stages implies that it is virtually impossible to know the true potential of a venture without learning about its viability through a sequence of investments over time. We show how this process of experimentation can be particularly valuable in the context of entrepreneurship because most new ventures fail completely, and only a few become extremely successful. We also shed light on important costs to this process of experimentation..." Link