Browsing by Author "Wiedemann, Felix"
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- Survivorship factors : sources of success for German startupsPublication . Wiedemann, Felix; Rajsingh, PeterThe German startup environment has been living through turbulent times in recent years. With macroeconomic uncertainties as well as political discussion about a greater focus on startups. Through these turbulent times, certain success factors have emerged for successful startups. These commonalities ensure startups successful business operations through certain internal as well as external success factors. This work identifies those success factors and the influence of personal characteristics on startup intentions in Germany. This was done using a mixed-methods approach of quantitative and qualitative data captured through an online survey, semi-structured expert interviews, and a thorough literature review. Overall, the survey showed that startup intentions are only shaped by certain personality traits and rather rely on personal circumstances of the person like entrepreneurial activity in the family or the possibility to draw inspiration from success stories. Experts unanimously agreed on access to capital as the main success factors of startups in Germany. But other relevant factors being the experience of the founder, the team he/she can build around him/her and the product they build for a market with maximum potential. Overall, Germany has the best prerequisites for building a successful startup ecosystem. However, political reforms and a cultural shift are essential to make the scene more competitive for the future.