Dependent variable: time in months, quit	Model 1(ß)	(exp ß)	Model 2(ß)	(exp ß)
rural (yes=1)			0.224*	1.251*
			(0.098)
female (yes=1)			0.031	1.031
			(0.088)
mon. external funding (yes=1)	-0.489***	0.613***	-0.495***	0.610***
	(0.126)		(0.126)
personal funding %	-0.022***	0.978***	-0.022***	0.978***
	(0.002)		(0.002)
household net-worth	0.001*	1.001*	0.001*	1.001*
	(0.000)		(0.000)
total funding invested	-0.00001	1.000	-0.00001	1.000
	(0.000)		(0.000)
educ. (1=community, or some college)	-0.244*	0.783*	-0.233+	0.792+
	(0.103)		(0.104)
educ. (2=college or some graduate training)	-0.071	0.932	-0.033	0.967
	(0.110)		(0.112)
educ. (3=master’s degree)	-0.350+	0.704+	-0.325+	0.723+
	(0.175)		(0.175)
educ. (4=Ph.D. degree)	-0.759**	0.468**	-0.710*	0.491*
	(0.284)		(0.284)
industry exp. (years)	-0.009*	0.991*	-0.009*	0.991*
	(0.003)		(0.003)
start-up exp. (years)	-0.012	0.988	-0.014	0.986
	(0.017)		(0.017)
managerial exp. (years)	0.006**	1.006**	0.005*	1.005*
	(0.002)		(0.002)
bonding – social capital	-0.025	0.975	-0.029	0.972
	(0.048)		(0.048)
bridging – social capital	0.002	1.002	0.002	1.002
	(0.032)		(0.032)
team size	0.007	1.007	0.008	1.008
	(0.008)		(0.008)
growth asp. (“as large as possible” =1)	0.116	1.123	0.140	1.151
	(0.093)		(0.094)
type of business (=1, extractive sector)	-0.053	0.949	-0.121	0.886
	(0.237)		(0.240)
type of business (=2, transforming sector)	0.264*	1.303*	0.246+	1.279+
	(0.112)		(0.114)
type of business (=3, consum. oriented sector)	0.145	1.156	0.143	1.153
	(0.091)		(0.091)
type of business (=4, other sectors/na)	-0.037	0.964	-0.125	0.883
	(0.495)		(0.496)
conception lag	-0.021***	0.979***	-0.021***	0.979***
	(0.003)		(0.003)
LR Test	633.100***	(df = 20)	638.245***	(df = 22)
AIC	7845.3		7844.2