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Human Capital and Hybrid Ventures

This study builds on an existing framework for hybrid ventures, those that emphasize both social and economic goals and outcomes. We examine the relationship between human capital characteristics and hybrid ventures. The sample is drawn from the 2008 and 2009 US Global Entrepreneurship Monitor dataset. Our findings suggest that start-up traditional ventures are characterized by entrepreneurs with previous work experience, that females are more likely to lead an established hybrid venture, and that there is a u-shaped relationship with regard to age in start-up hybrid ventures. The findings also suggest that all entrepreneurial ventures exhibit some degree of hybridness.