Perceptional Biases and Startup Performance: Insights from Twitter and Crunchbase
The researchers investigated how perception of time and self is related to startup performance by analyzing data from 2111 startup founders and 620 startup teams. By utilizing constructs from psychology, including temporal focus, construals, and self-categorization, the researchers were able to predict startup performance. The results showed that founders and teams with high past focus, low future focus, high collective self-categorization, and lower level construal tended to perform better. The findings provide insight into the importance of perceptional biases in new venture performance and demonstrate the potential of using novel datasets, such as Twitter and Crunchbase, to analyze perceptions of startup founders and teams.
Read the research: Looking Backward and Forward ? Understanding the Role of Temporal Focus on Startup Performance