AND THE WHEELS JUST KEEP ON TURNING: IMPRINTING AND REPEATED EXPLORATION IN VENTURE CAPITAL FIRMS. 1 Dimo DIMOV University of Connecticut School of Business, Department of Management 2100 Hillside Rd Unit 1041 Storrs, CT 06269-1041 Tel. +1 860 486 3638 Fax +1 860 486 6415 E-mail: Dimo.Dimov@business.uconn.edu Pablo MARTIN DE HOLAN Instituto de Empresa and INCAE Pinar 7, 1ra Planta Madrid, 28006 Spain Tel +34 91 745 2121 Fax +34 91 745 2147 E-mail: pmdeh@ie.edu July 2008 Revised and Resubmitted for consideration for publication to Organization Science. 1 We would like to thank Deborah Dougherty, Royston Greenwood, Reddi Kotha, Martin Schulz, Fabrizio Salvador, Sharon Matusik, Wesley Sine, seminar participants at Babson College, Instituto de Empresa and AOM Meetings for their useful comments and suggestions to earlier versions of the paper. All errors remain ours and a fragment of the title has been borrowed from the band Coldplay. The second author wishes to acknowledge the Spanish Ministry of Education, research grant 2004-08176-C02-01, for financial support for this project, and Canada’s SSHRC for earlier funding.