Table 1

Correlations

VariableMeanSD1234567891011121314151617
1. Firm Age8.688.54                
2. Ent XP0.320.470.02               
3. Age46.9315.10.268**−0.18              
4. Education5.751.840.130.375**−0.197*             
5. Case Sample0.280.45−0.268**0.248**−0.323**0.296**            
6. Hi-tech Growth2.100.770.02−0.392**0.303**−0.14−0.323**           
7. Write Bplan1.582.090.00−0.04−0.213*0.150.080.08          
8. Secondary Data1.522.00−0.100.307**−0.192*0.264**0.355**−0.346**0.196*         
9. Bplan Feedback1.682.05−0.060.14−0.130.140.15−0.180.240**0.04        
10. Bplan Funding0.961.78−0.070.238**−0.279**0.130.06−0.080.120.110.297**       
11. Interview1.932.23−0.110.246**−0.160.279**0.343**−0.221*0.070.238**0.215*0.236**      
12. Prototype1.302.05−0.100.260**−0.406**0.253**0.216*−0.170.060.150.130.384**0.14     
13. Show Proto1.061.910.000.318**−0.272**0.249**0.204*−0.255**0.100.311**0.130.300**0.265**0.367**    
14. Experiment1.252.04−0.050.419**−0.318**0.209*0.241**−0.283**−0.040.207*0.216*0.140.341**0.030.15   
15. Preorders0.651.570.188*−0.07−0.160.05−0.170.080.12−0.06−0.010.06−0.030.16−0.120.02  
16. Pivot1.502.16−0.010.12−0.110.170.223*0.000.120.070.256**0.180*0.202*0.090.070.238**0.07 
17. DV–Success3.661.180.040.275**−0.294**0.211*−0.04−0.170.211*0.110.100.130.215*0.160.181*0.183*0.267**0.15
18. DV–Growth0.310.460.010.299**−0.381**0.301**0.260**−0.265**0.230*0.160.150.219*0.272**0.187*0.239**0.233*0.255**0.264**0.621**

Note(s): N = 120

*Correlation is significant at the 0.05 level (2-tailed)

**Correlation is significant at the 0.01 level (2-tailed)

Ent XP is binary where 1 represents prior startup experience and 0 represents no prior startup experience

Education is scalar where 1 represents completion of 8th grade and 9 represents completion of doctoral degree

Case Sample is binary where 0 represents Qualtrics sample and 1 represents initial sampling

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