EPISODE · Apr 28, 2025 · 10 MIN
Investor Evaluation of Entrepreneurial Failure (Zunino et al. 2022) | FT50 AMJ VSSER25
from Revise and Resubmit - The Mayukh Show · host Mayukh Mukhopadhyay
#VSSER25 #session5🎙️ Welcome to Revise and Resubmit — the podcast that turns high-impact academic research into bite-sized brilliance for your commute, your coffee break, or your midnight inspiration session 🚀📚Today, we’re cracking open a question as old as Silicon Valley itself and as sharp as a VC’s pitch deck:🔥 Does failure doom you... or can you rise again with skill on your side?Let’s rewind and replay with a powerhouse paper titled:🎯 “How Do Investors Evaluate Past Entrepreneurial Failure? Unpacking Failure Due to Lack of Skill versus Bad Luck”🧠 Authored by the brilliant trio — Diego Zunino, Gary Dushnitsky, and Mirjam van Praag — and published in none other than the Academy of Management Journal, one of the most prestigious, FT50-listed journals in the academic universe 🏆🌍Now here’s the twist:We often think success is proof of genius, and failure is the scarlet letter.But what if it’s not that simple? 🤨📉 Most ventures fail. That’s the reality.But failure has layers — it can be bad luck (a recession, a supplier disappearing overnight)…or it can be bad judgment (a poorly timed launch, a product no one needed).The authors dove into the minds of investors using clever equity crowdfunding experiments to find out:💰 Do investors throw out entrepreneurs with a past failure — no questions asked?Or... 🧠 do they rationally infer that someone who shows real skill might just deserve another shot?And guess what?The study shows that most investors don’t just flinch at failure — they weigh it, decode it, and look for signals of competence. In other words: Failure isn't fatal. Skill can still shine through. 🌟So now, let’s leave you with one powerful question to chew on:🔍 When an entrepreneur stumbles and falls… do we see the fall — or do we see the way they get back up?🙏 A huge shoutout to Zunino, Dushnitsky, and van Praag for this game-changing insight, and to the Academy of Management for publishing it in a true FT50 giant of a journal.🎧 Be sure to subscribe to Revise and Resubmit on Spotify 🎵📺 Watch and learn more on our YouTube channel Weekend Researcher 🎥We're also streaming on Amazon Prime and Apple Podcasts 🍏🎙️ — because smart ideas should be everywhere 🌐💡📢 Hit that follow button and stay curious — because sometimes the best research…is about how we fail, and what we do next. 💥ReferenceZunino, D., Dushnitsky, G., & van Praag, M. (2022). How Do Investors Evaluate Past Entrepreneurial Failure? Unpacking Failure Due to Lack of Skill versus Bad Luck. Academy of Management Journal, 65(4). https://doi.org/10.5465/amj.2018.0579Youtube Channelhttps://www.youtube.com/@weekendresearcherSupport us on Patreonhttps://patreon.com/weekendresearcher
What this episode covers
#VSSER25 #session5🎙️ Welcome to Revise and Resubmit — the podcast that turns high-impact academic research into bite-sized brilliance for your commute, your coffee break, or your midnight inspiration session 🚀📚Today, we’re cracking open a question as old as Silicon Valley itself and as sharp as a VC’s pitch deck:🔥 Does failure doom you... or can you rise again with skill on your side?Let’s rewind and replay with a powerhouse paper titled:🎯 “How Do Investors Evaluate Past Entrepreneurial Failure? Unpacking Failure Due to Lack of Skill versus Bad Luck”🧠 Authored by the brilliant trio — Diego Zunino, Gary Dushnitsky, and Mirjam van Praag — and published in none other than the Academy of Management Journal, one of the most prestigious, FT50-listed journals in the academic universe 🏆🌍Now here’s the twist:We often think success is proof of genius, and failure is the scarlet letter.But what if it’s not that simple? 🤨📉 Most ventures fail. That’s the reality.But failure has layers — it can be bad luck (a recession, a supplier disappearing overnight)…or it can be bad judgment (a poorly timed launch, a product no one needed).The authors dove into the minds of investors using clever equity crowdfunding experiments to find out:💰 Do investors throw out entrepreneurs with a past failure — no questions asked?Or... 🧠 do they rationally infer that someone who shows real skill might just deserve another shot?And guess what?The study shows that most investors don’t just flinch at failure — they weigh it, decode it, and look for signals of competence. In other words: Failure isn't fatal. Skill can still shine through. 🌟So now, let’s leave you with one powerful question to chew on:🔍 When an entrepreneur stumbles and falls… do we see the fall — or do we see the way they get back up?🙏 A huge shoutout to Zunino, Dushnitsky, and van Praag for this game-changing insight, and to the Academy of Management for publishing it in a true FT50 giant of a journal.🎧 Be sure to subscribe to Revise and Resubmit on Spotify 🎵📺 Watch and learn more on our YouTube channel Weekend Researcher 🎥We're also streaming on Amazon Prime and Apple Podcasts 🍏🎙️ — because smart ideas should be everywhere 🌐💡📢 Hit that follow button and stay curious — because sometimes the best research…is about how we fail, and what we do next. 💥ReferenceZunino, D., Dushnitsky, G., & van Praag, M. (2022). How Do Investors Evaluate Past Entrepreneurial Failure? Unpacking Failure Due to Lack of Skill versus Bad Luck. Academy of Management Journal, 65(4). https://doi.org/10.5465/amj.2018.0579Youtube Channelhttps://www.youtube.com/@weekendresearcherSupport us on Patreonhttps://patreon.com/weekendresearcher
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Investor Evaluation of Entrepreneurial Failure (Zunino et al. 2022) | FT50 AMJ VSSER25
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