Table II

Case study participants basic information

Case 1Case 2Case 3Case 4Case 5Case 6
Individuals traits
NameMariusBrianMikkoPauloJoséAndré
NationalityDanishDanishFinnishPortuguesePortuguesePortuguese
Age252627494835
Education levelHigh schoolBachelor degreeBachelor degreeMaster degreeMBAMaster degree
Business that failed
Business areaMedical/cosmeticsFood cutleryFood servicesLeisure activitiesSound engineeringAutomation engineering
Investment€300 thousand€7 thousandn/an/a€300 thousandn/a
Year started200720052008199820072007
Year closed201320062009Undefined (but closer to 2007)2013Undefined (but closer to 2011)
Current business
Business areaConsumer electronicsConsultancy and educationBusiness events operatorWearable devices (manufacture of electrical equipment)Consumer sound engineeringRetail consulting
Investmentn/aResidualn/a€4.5 millionn/a€500 thousand
Year started201220102009200720042011
Previous year revenue€1.1 million (Crowdfunded)€40 thousand€2.9 millionUndisclosedUndisclosedUndisclosed (positive)
Interview
Interview date6/6/20143/25/20143/11/20142/27/20146/2/20145/26/2014
Duration (minutes/hours)50 m1 h1 h2 h50 m45 m

Note: n/a, not available

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