"Built to Last, Profit or Flip? The Outcomes of Exploration-Exploitation for Start-ups"

Exploration-exploitation research to date has not properly addressed the issue of multiple performance dimensions and their potential trade-offs, especially in the context of start-ups where unique performance dimensions such as acquisition likelihood are relevant and coveted. This paper utilizes the recently completed Kauffman Firm Survey data to investigate the relationship between exploration- exploitation and the profitability, survival, and...