ABSTRACT
It is valuable for both researchers and practitioners to understand the processes underlying the creation of high-tech companies. Researchers are interested in the complexity of these processes, their continuous evolution, and linking these to changing technology and the evolving the business model. Investors and those involved with start-ups, are interested in devising general rules to guide their practice. Both groups share an interest in going beyond individual cases to try, in their own way, to extrapolate general approaches or to identify factors which are more or less conducive to success.
