Which of the following statements is not true regarding the attributes of the founder or founders of a firm?
A) Evidence suggests that important entrepreneurial skills are enhanced through higher education.
B) Founders with prior entrepreneurial experience are more likely to avoid costly mistakes.
C) Founders with experience in the same industry as their new ventures will typically have "blinders" on and are typically not as effective as founders new to the industry.
D) Founders with broad social and professional networks have an advantage.
E) New ventures that are started by a team rather than an individual have an advantage.

Question

Quizplus · Accepted Answer

The statement "Founders with experience in the same industry as their new ventures will typically have 'blinders' on and are typically not as effective as founders new to the industry" is not true. In fact, founders with industry experience often have an advantage in starting a new venture because they understand the industry, have established networks, and are more likely to be taken seriously by potential investors and customers.

Which of the Following Statements Is Not True Regarding the Attributes