Gary Dushnitsky

Gary Dushnitsky is an Associate Professor of Strategy & Entrepreneurship at London Business School. He also serves as a Senior Fellow at The Mack Institute for Innovation Management at The Wharton School (University of Pennsylvania).

Gary's work focuses on the economics of entrepreneurship, innovation and marketplaces. He explores the shifting landscape of entrepreneurial finance, exploring such topics as accelerators, corporate venture capital and crowdfunding. His research appeared in leading academic journals, such as Academy of Management Journal, Organization Science, Research Policy, Strategic Management Journal, Strategic Entrepreneurship Journal, and Nature Biotechnology.

Gary serves as the Co-Editor of the Strategic Entrepreneurship Journal, and prior to that served as a Senior Editor at Organization Science. He received several academic distinctions including the 2013 SMS Emerging Scholar Award, the 2009 Kauffmann Junior Faculty Fellowship , and several best dissertation prizes.

Gary serves on advisory boards and also advises corporations in the Financial Industry, FMCG, Clean Tech, and Pharma sectors on a host of corporate venturing issues. He has been involved in several industry reports, as well as keynotes and panels such as the YPO, World Economic Forum, OECD, EVCA, BVCA, and others. Gary's studies have been covered in the business media including Business Week,CNBC, Dow Jones News, Entrepreneur Magazine, Financial Times, Les Echos, New York Times etc.

Research interests

• Economics of innovation and entrepreneurship
  
• Corporate strategy in knowledge industries
  
• Venture capital
  
• Crowd funding
  
• Intellectual property rights
  

Publications

• Low-code entrepreneurship: Shopify and the alternative path to growth
  Dushnitsky G; Stroube B
  Journal of Business Venturing Insights 2021 Vol 16:e00251 Accepted

• Entrepreneurial responses to crisis
  Dushnitsky G; Graebner M; Zott C
  Strategic Entrepreneurship Journal 2020 Vol 14:4 p 537-548

• Here comes the sun: the impact of incidental contextual factors on entrepreneurial resource acquisition
  Dushnitsky G; Sarkar S
  Academy of Management Journal 2020 Online first

• Investigating the mix of strategic choices and performance of transaction platforms: Evidence from the crowdfunding setting
  Dushnitsky G; Piva E; Rossi-Lamastra C
  Strategic Management Journal 2020 Online first

• A fresh look at patterns and assumptions in the field of entrepreneurship: What can we learn?
  Dushnitsky G; Matusik S F
  Strategic Entrepreneurship Journal 2019 Vol 13:4 p 437-447

• Lost in translation: exploring the antecedents to corporate venture capital in China
  Dushnitsky G; Yu L
  Academy of Management Proceedings 2019

• The role of crowdfunding in entrepreneurial finance
  Dushnitsky G; Zunino D
  in Parhankangas A, Mason C and Landström H (eds.), Handbook of research on crowdfunding, Edward Elgar, 2019.

• Are we missing the platforms for the crowd? Comparing investment drivers across multiple crowdfunding platforms
  Dushnitsky G; Fitza M
  Journal of Business Venturing Insights 2018 Vol 10:e00100

• Seeding a star or constructing a constellation?: corporate venturing as an ecosystem strategy
  Dushnitsky G; Kang S
  Academy of Management Proceedings 2018 Vol 2018:1

• Variance decomposing accelerator and cohort effects among London startups
  Dushnitsky G; Sarkar S
  Academy of Management Proceedings 2018 Vol 2018:1

• A review and roadmap of entrepreneurial equity financing research: venture capital, corporate venture capital, angel investment, crowdfunding, and accelerators
  Drover W; Busenitz L; Matusik S; Townsend D; Anglin A; Dushnitsky G
  Journal of Management 2017 Vol 43:6 p 1820-1853

• Strategic entrepreneurship journal at 10: retrospect and prospect
  Agarwal R; Dushnitsky G; Lumpkin G T; Wright M; Zott C
  Strategic Entrepreneurship Journal 2017 Vol 11:3 p 197-199

• Which industries are served by online marketplaces for technology?
  Dushnitsky G; Klueter T
  Research Policy 2017 Vol 46:2 p 651-666

• Are entrepreneurial ventures' innovation rates sensitive to investor complementary assets? Comparing biotech ventures backed by corporate and independent VCs
  Alvarez-Garrido E; Dushnitsky G
  Strategic Management Journal 2016 Vol 37:5 p 819-834

• Crowdfunding in Europe: determinants of platform creation across countries
  Dushnitsky G; Massimiliano G; Piva E; Rossi-Lamastra C
  California Management Review 2016 Winter Vol 58:2 p 44-71

• Linking technologies to applications - insights from online markets for technology
  Dushnitsky G; Klueter T
  In Folta T, Helfat C and Karim S eds., Resource Deployment and Corporate Strategy (Advances in Strategic Management, no. 35)

• What inventions do corporate entrepreneurship programs access? Corporate venture capital investment in complementary and substituting ventures
  Dushnitsky G; Shaver J M
  in: Handbook of Corporate Entrepreneurship, Edward Elgar. 2016. Part III, Chapter 10

• Corporate venturing
  Dushnitsky G
  In Augier M and Teece D (eds.), Palgrave Dictionary of Strategic Management, Palgrave.

• Publications and patents in corporate venture-backed biotech
  Alvarez-Garrido E; Dushnitsky G
  Nature Biotechnology 2013 Vol 31 p 495-497

• Corporate venture capital in the twenty-first century: An integral part of firms' innovation toolkit
  Dushnitsky G
  In Oxford Handbook of Entrepreneurship, Cummings (ed.) Oxford University Press, Oxford

• More than words: Is startups' propensity to turn publications into patents sensitive to investor characteristics?
  Dushnitsky G; Alvarez-Garrido E
  Academy of Management Best Papers Proceedings 2012

• Financial resources for the new venture: how to get them
  Dushnitsky G
  in Shane S. (ed.), Entrepreneurship: , The Marketing & Management Collection, Henry Stewart Talks Ltd, London

• Is there an eBay for ideas? Insights from online knowledge marketplaces
  Dushnitsky G; Klueter T
  European Management Review 2011 Vol 8:1 p 17-32

• Entrepreneurial finance meets organizational reality
  G Dushnitsky; Z B Shapira
  Academy of Management Best Papers Proceedings 2010 September Vol 31:9 p 990-1017

• Entrepreneurial finance meets organizational reality: comparing investment practices and performing of corporate and independent venture capitalists
  Dushnitsky G
  Strategic Management Journal 2010 Vol 31:9 p 990-1017

• Entrepreneurial optimism in the market for technological invention
  Dushnitsky G
  Organization Science 2010 Jan/Feb Vol 21:1 p 150-167

• How alliance formation shapes corporate venture capital investment in the software industry: A resource-based perspective
  Dushnitsky G; Lavie D
  Strategic Entrepreneurship Journal 2010 Vol 4:1 p 22-48

• Limitations to inter-organizational knowledge acquisition: The paradox of corporate venture capital
  Dushnitsky G; Shaver J M
  Strategic Management Journal 2009 Vol 30:10 p 1045-1064

• Corporate venture capital: Past evidence and future directions
  Dushnitsky G
  In Oxford Handbook of Entrepreneurship, Casson, Yeung, Basu and Wadeson (eds.) Oxford University Press, Oxford

• Corporate venturing
  Dushnitsky G
  In Palgrave Dictionary of Strategic Management, Augier M and Teece T (eds.)

• Corporate Venturing
  Dushnitsky G
  In Palgrave Dictionary of Strategic Management, edited by M. Augier and D. Teece.

• What inventions do corporate entrepreneurship programs gain access to?
  Dushnitsky G; Shaver J M
  in Handbook of Corporate Entrepreneurship, Zahra, S (ed.). Elger, UK.

• When does corporate venture capital investment create firm value?
  Dushnitsky G; Lenox M J
  Journal of Business Venturing 2006 Vol 21:6 p 753-772

• Corporate venture capital and incumbent firm innovation rates
  Dushnitsky G; Lenox M J
  Research Policy 2005 Vol 34:5 p 615-639

• When do firms undertake R&D by investing in new ventures?
  Dushnitsky G; Lenox M J
  Strategic Management Journal 2005 Vol 26:10 p 947-965

Working papers

2017

• Badge of honor or scarlet letter? : unpacking Investors' judgment of entrepreneurs' past failure
  Zunino D; van Praag M; Dushnitsky G
  CEPR Discussion Paper

Books and cases

2016

• ONk: Dining at the Funding Buffet
  Dushnitsky G

• Patch: Financing the Entrepreneurial Business
  Dushnitsky G

Research Awards

• Strategic Management Society Emerging Scholar Award, 2013 ($5K)
  
• London Business School Term Associate Professorship of Strategy and Entrepreneurship, 2012-2014.
  
• Nokia Siemens Network Award for Best Paper in Technology Management, EURAM 2012.
  
• London Business School Research and Materials Development Grant (£10k), 2012.
  
• Chris Ingram Strategy, Entrepreneurship and Leadership Fund (£20k), 2010-11.
  
• London Business School M Lab Grant (£3k), 2011.
  
• London Business School Research and Materials Development Grant (£6k), 2010-11.
  
• Outstanding Reviewer Award, Journal of Business Venturing, 2009.
  
• Kaufman Junior Faculty Fellowship ($50k), 2009-2011.
  
• Distinguished Paper Award (BPS Division).AoM, 2008
  
• Sumantra Ghoshal Practice & Research Award (BPS Division).AoM, 2007
  
• Best Paper Award, Israel Strategy Conference, 2007
  
• Research Grant, Wharton Entrepreneurial Programs (WEP), 2004 - 2010
  
• Heizer Award for Best Dissertation (1st place; Ent.Division). AOM, 2005
  
• Best Dissertation Award (1st place; TIM Division). AoM, 2005
  
• Best Dissertation Award (Finalist, 1-of-5; BPS Division). AoM, 2005