How Startup “Joiners” Are (and Aren’t) Like Founders

Would you rather receive $1,000, or have a 50% chance at receiving $2,000? Most people are risk averse and would prefer the definite thousand, but entrepreneurs are more likely to be tempted by a shot at the bigger prize.

A long line of research has documented the preferences of entrepreneurs: they take more risks, place more importance on autonomy, and tend to be overconfident. But what about the people who join startups? Are they after the same things as founders?

A paper published...

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