High technology entrepreneurs have received increased attention over the past decade as it is now recognized that these entrepreneurs are able to build companies that generate high wage employment and high levels of wealth. While much anecdotal evidence has been offered as to who these entrepreneurs

High technology entrepreneurs have received increased attention over the past decade as it is now recognized that these entrepreneurs are able to build companies that generate high wage employment and high levels of wealth. While much anecdotal evidence has been offered as to who these entrepreneurs are, little is known about their early efforts to launch a high technology company. Based on the most recent data that specifically profiles nascent entrepreneurs throughout the United States, we extrapolate and discuss implications of our findings. Specifically, we identify who, where, when, and why these entrepreneurs are engaged in this important form of business launch. We conclude by suggesting how decision-makers and institutions can better facilitate and nurture the launch of high technology firms. Article Outline • INTRODUCTION • THE FUZZY FRONT END • HOW DO YOU FIND NASCENT ENTREPRENEURS? • DEFINING HIGH TECHNOLOGY VENTURES • FIRST-MOVER STRATEGY • PRACTITIONER STRATEGIES • INNOVATOR STRATEGY • HOW THE NASCENTS FAIRED ON TECHNOLOGY INTENSITY • HIGH TECH VERSUS NO TECH • THE ROLE OF THE ENVIRONMENT • THE ROLE OF RESEARCH AND DEVELOPMENT • THE ROLE OF GROWTH • THE ROLE OF RESOURCES • THE ROLE OF RADICAL INNOVATION • THE ROLE OF INTELLECTUAL PROPERTY • WHAT WE KNOW ABOUT NASCENT HIGH TECH ENTREPRENEURS • PERSONAL CHARACTERISTICS • BEHAVIORS IN START-UP • STRATEGIC INTENTIONS • WHERE DO WE GO FROM HERE? • References