{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,8,14]],"date-time":"2026-08-14T23:46:14Z","timestamp":1786751174064,"version":"3.56.0"},"reference-count":110,"publisher":"MIS Quarterly","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2020,6,1]]},"abstract":"<jats:p>Entrepreneurs leading digital ventures are often advised to be adaptable. However, research on how to pursue adaptable strategies and whether such strategies improve short- or long-term digital venture outcomes is sparse. By utilizing the ability to control content presentation and to measure outcomes through a course using a MOOC platform, we can introduce exogenous variation in strategies and mentorship characteristics, and link these attributes to venture outcomes over time. Contrary to expectations, we find that minimizing adaptability by adhering to a strong, persistent vision often results in better short-term outcomes as measured by quality of the pitch in digital startups. It also, however, results in worse long-term outcomes as measured by revenue, funding, and pivoting to a new venture. A more adaptable approach, when combined with a mentor who can facilitate this strategy by providing access to a structurally diverse social network, can offer the best combination of short- and long-run outcomes. The results suggest that guidance on mentor selection\u2014especially selecting for the mentor\u2019s social network attributes\u2014is important over time for reaping the benefits of an adaptable strategy, particularly for digital ventures at their early-stage.<\/jats:p>","DOI":"10.25300\/misq\/2020\/15138","type":"journal-article","created":{"date-parts":[[2021,1,14]],"date-time":"2021-01-14T15:21:10Z","timestamp":1610637670000},"page":"661-698","source":"Crossref","is-referenced-by-count":35,"title":["For Startups, Adaptability and Mentor Network Diversity Can be Pivotal: Evidence from a Randomized Experiment on a MOOC Platform"],"prefix":"10.25300","volume":"44","author":[{"given":"Charles","family":"Eesley","sequence":"first","affiliation":[{"name":"Department of Management Science and Engineering, Stanford University, Stanford, CA 94305 U.S.A."}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Lynn","family":"Wu","sequence":"additional","affiliation":[{"name":"Wharton School of Management, University of Pennsylvania, Philadelphia, PA 19104 U.S.A."}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"10933","published-online":{"date-parts":[[2020,6,1]]},"reference":[{"issue":"3","key":"2025082211211194300_b1-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"976","DOI":"10.1287\/isre.1110.0402","article-title":"Putting Money Where the Mouths Are: The Relation between Venture Financing and Electronic Word-of-Mouth","volume":"23","author":"Aggarwal","year":"2012","journal-title":"Information Systems Research"},{"issue":"4","key":"2025082211211194300_b2-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"1093","DOI":"10.25300\/MISQ\/2013\/37.4.05","article-title":"Differential Influence of Blogs across Different Stages of Decision Making: The Case of Venture Capitalists","volume":"37","author":"Aggarwal","year":"2013","journal-title":"MIS Quarterly"},{"issue":"3","key":"2025082211211194300_b3-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"425","DOI":"10.2307\/2667105","article-title":"Collaboration Networks, Structural Holes, and Innovation: A Longitudinal Study","volume":"45","author":"Ahuja","year":"2000","journal-title":"Administrative Science Quarterly"},{"issue":"1","key":"2025082211211194300_b4-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"3","DOI":"10.1287\/isre.1120.0470","article-title":"Introduction to the Special Issue\u2014Social Media and Business Transformation: A Framework for Research","volume":"24","author":"Aral","year":"2013","journal-title":"Information Systems Research"},{"issue":"6","key":"2025082211211194300_b5-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"1159","DOI":"10.5465\/amj.2005.19573115","article-title":"Ramping Up the Organizational Learning Curve: Assessing the Impact of Deliberate Learning on Organizational Performance under Gainsharing","volume":"48","author":"Arthur","year":"2005","journal-title":"Academy of Management Journal"},{"issue":"3","key":"2025082211211194300_b6-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"395","DOI":"10.1287\/mnsc.1050.0468","article-title":"The Effectiveness of Simple Decision Heuristics: Forecasting Commercial Success for Early-Stage Ventures","volume":"52","author":"\u00c5stebro","year":"2006","journal-title":"Management Science"},{"key":"2025082211211194300_b7-06_15138_ra_eesleywu","first-page":"293","article-title":"Promoting Student Engagement in Moocs","author":"Baek","year":"2016"},{"issue":"4","key":"2025082211211194300_b8-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"1147","DOI":"10.1287\/isre.2013.0481","article-title":"Research Note\u2014 Business Value of Information Technology: Testing the Interaction Effect of IT and R&D on Tobin\u2019s Q","volume":"24","author":"Bardhan","year":"2013","journal-title":"Information Systems Research"},{"issue":"4","key":"2025082211211194300_b9-06_15138_ra_eesleywu","first-page":"257","article-title":"Can Online Peer Assessment Be Trusted?","volume":"12","author":"Bouzidi","year":"2009","journal-title":"Journal of Educational Technology & Society"},{"issue":"1","key":"2025082211211194300_b10-06_15138_ra_eesleywu","doi-asserted-by":"crossref","first-page":"24","DOI":"10.1016\/j.jbusvent.2008.10.007","article-title":"Should Entrepreneurs Plan or Just Storm the Castle? 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