| CR | AVE | MSV | ASV |
network of founder | 0.755 | 0.607 | 0.428 | 0.289 |
experience of founder | 0.847 | 0.526 | 0.444 | 0.319 |
external environment | 0.857 | 0.600 | 0.420 | 0.328 |
startup product | 0.837 | 0.563 | 0.552 | 0.370 |
resources of startup | 0.778 | 0.568 | 0.554 | 0.283 |
business environment | 0.800 | 0.501 | 0.452 | 0.460 |