entrepreneur

(redirected from Co-founder)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Entrepreneur

A person starting a new company who takes on the risks associated with starting the enterprise, which may require venture capital to cover start-up costs.

Entrepreneur

The possessor or owner of a for-profit organization. The term is usually applied to small business owners, who bear the majority of the risk and reap the most benefit from a company. It can also relate to (individual) majority shareholders who are involved in the operation of his/her business. Entrepreneurs are generally accepted as integral to the success of a capitalist system.

entrepreneur

A risk-taker who has the skills and initiative to establish a business.

entrepreneur

a person who undertakes the risks of establishing and running a new business. Entrepreneurs are characterized by their initiative and enterprise in seeking out new business opportunities; inventing and commercializing new goods and services and methods of production. See VENTURE CAPITAL, INDUSTRIAL POLICY, INTRAPRENEURIAL GROUP, MANAGEMENT BUYOUT.

entrepreneur

an individual who assembles and organizes FACTORS OF PRODUCTION to undertake a venture with a view to PROFIT. The individual may supply one or more of the three factors of production (NATURAL RESOURCES, LABOUR, CAPITAL) himself or may hire or buy any or all factors in the expectation of future profits. The entrepreneurial function is sometimes called a . fourth factor of production.

The entrepreneur was seen in the 19th century as an individual proprietor who supplied most or all of the factors of production but especially managerial expertise. The advent of the JOINT-STOCK COMPANY led to the division of management and the supply of capital, so that the term ‘entrepreneur’ became a more hypothetical abstract term attached to any individual or group who performs the risk-bearing and organizing functions above. The traditional THEORY OF THE FIRM suggests that entrepreneurs attempt to maximize profit, but since the 1930s there has been growing awareness that the DIVORCE OF OWNERSHIP FROM CONTROL in large joint-stock companies influences the behavioural attitudes of groups of individuals within organizations, which may lead to corporations following objectives other than PROFIT MAXIMIZATION. See BEHAVIOURAL THEORY OF THE FIRM, MANAGERIAL THEORIES OF THE FIRM, RISK AND UNCERTAINTY.

entrepreneur

One who assumes risk in order to combine knowledge, capital, and resources to create a venture that will hopefully return a profit.

References in periodicals archive ?
Co-founder of WAYN Jerome Touze added: "This is an exciting time for WAYN and we're over the moon that other successful parties have the same confidence and vision in our business as we do.
Thousands of entrepreneurs are using Founder2be to find a co-founder globally and access over USD 40 million in funding.
2) Judy Adams and Leeann Lidz co-founders, Kid's Art
It was reason enough for the four co-founders of ACGL, including Wong and Yuen, to put in $3 million to launch the company.
In addition, Alois is co-founder of VantagePoint Global an independent, not-for-profit organization dedicated to promoting sustainable investing in the emerging markets.
The executives will make a brief "elevator pitch" to the following investors: Stephen Block, who serves on the Executive Committee of Tech Coast Angels, Orange County chapter; Bob Holmen, a co-founder of Miramar Venture Partners; Randy Lunn, a founding partner of Palomar Ventures; and Steven Mednick, a member of Tech Coast Angels, Orange County chapter, and president and founder of Plenum Revenue Group, LLC.
The company also announced that Victor Tsao, the founding general partner of Miven Venture Partners, Linksys co-founder and senior vice president of Cisco Systems, will act as an advisor to the company.
Novelics was conceived with one primary purpose in mind," said Cyrus Afghahi, Co-founder and CEO of Novelics.
Barry Mangum, PharmD and co-founder of NeoFax LLC, added, "NeoFax was created out of the need to establish consistency and effectiveness in infant drug and fluid nutrients dosing by physicians, nurses, and pharmacists.
Top speakers include: Patrick Kenealy, Managing General Partner IDG Ventures; Tom Leighton, Co-Founder and Chief Scientist of Akamai; Steve O'Leary, Co-Head of Technology Investment Banking at Jefferies Broadview; Arthur Coviello, President and CEO of RSA Security Inc.