Venture Work Employees in Thinly Capitalized Firms
‘What motivates contemporary workers who can no longer rely on a stable employment in corporations? Alexander Styhre offers unique insights into this question in his book. Having taken a close look at venture work, contract work and freelancing, Sty
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Venture Work Employees in Thinly Capitalized Firms
Venture Work
Alexander Styhre
Venture Work Employees in Thinly Capitalized Firms
Alexander Styhre School of Business, Economics and Law University of Gothenburg Gothenburg, Sweden
ISBN 978-3-030-03179-4 ISBN 978-3-030-03180-0 (eBook) https://doi.org/10.1007/978-3-030-03180-0 Library of Congress Control Number: 2018963553 © The Editor(s) (if applicable) and The Author(s) 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
This volume is the outcome of a long-standing professional engagement I have maintained since the late 1990s, to study life science companies and their activities and relations. More recently, I have published at least two relevant books for this domain of research, Financing Life Science Innovation (2015, Palgrave Macmillan) and the more theoretically oriented volume Precarious Professional Work (2017, Palgrave Macmillan). This volume more explicitly addresses the question of why and on what basis rational individuals embark on careers in small-scale life science start-ups. This question is motivated by the empirically substantiated fact that many life science ventures are bound to default, or eventually become moribund as they end up in a state wherein they are starved of venture capital. Furthermore, also in the early stages, when finance capital is less pronounced than in the development phases, wherein for example, clinical trials and regulatory affair concerns put the venture under pressure to attract larger stocks of venture capital, this line of work is not fully compensated for the increased market risks the employee is exposed to in comparison to a position with
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