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Rauch, A., & Frese, M. (2000). Psychological approaches to entrepreneurial success. A

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for under contract number SBAHQ-07-Q-0012 Release Date: February 2009 This contract was developed under a contract with the Small Business Administration, Office of Advocacy, and contains information and analysis that was reviewed and edited by officials of the Office of Advocacy. However, the final conclusions of the report do not necessarily reflect the views of the Office of Advocacy. February 2009 No. 339

Women business owners are an important and growing force in the United States economy, both in terms of the number of participants and the gross revenues and employment they represent. The number of women-owned businesses continues to grow at twice the rate of all U.S. firms and one in eighteen women in the U.S. is a business owner (Center for Women’s Business Research, 2004). The estimates for 2004 (extrapolated from the 1997 Census) continue to document the impact of women entrepreneurs in the U.S. economy. In 2004, there were a projected 10.6 million privately-held businesses in which a woman or women owned at least 50 percent. The majority women-owned firms were projected to be 30 percent of all businesses, some 6.7 million businesses, while equally-owned firms represented another 18 percent of all firms. The 10.6 million women-owned and equally-owned firms employed 19.1 million people and generated $2.46 trillion in revenue. The growth of women ownership continues to exceed the national averages for all firms. From 1997 to 2004, the number of women-owned firms grew at a rate of 17 percent. They registered revenues increases of 39 percent. This was in comparison to a 9 percent growth in the

A recent wave of Internet-related entrepreneurship focused on virtual communities. It produced User-Community-Driven Internet ventures (UCDI-ventures), characterized by (1) user-contributed content, (2) network effects, and (3), an interactive community. Whereas light pole examples such as YouTube, MySpace, or Facebook have received high capital market valuations, many other ventures have failed, making research on the phenomenon and related success drivers worthwhile. This paper integrates three general venture success drivers from the entrepreneurship literature and two specific UCDIventure related ones. Drawing on the case of the online video sharing community Clipfish in Germany, it demonstrates the relevance of the proposed UCDI-venture success drivers. The paper concludes with an assessment of the five success drivers and suggests three steps of future research.

Abstract not found