Regional Recipes: A Configurational Analysis of the Regional Entrepreneurial Ecosystem for U.S. Venture Capital-Backed Startups

We examine the relationship between the regional entrepreneurial ecosystem (REE) and the performance of U.S. venture capital (VC)-backed startups. We conceptualize the REE as a complex system and pair a variance decomposition methodology with a fuzzy-set qualitative comparative analysis (fsQCA) to study the configurations (combinations of regional factors) associated with high levels of performance of nascent early-stage startups and mature...