Team Ventures and Acquisition Exits: Are Team-Founded Ventures More Likely to be Acquired?

Soleimani Leila () and Keyhani Mohammad
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Soleimani Leila: Management, Marketing and Entrepreneurship Department, University of Scranton, 18510 Scranton, PA, USA
Keyhani Mohammad: Haskayne School of Business, University of Calgary, Calgary, Alberta, Canada

Entrepreneurship Research Journal, 2024, vol. 14, issue 2, 433-456

Abstract: We investigate whether team ventures are more likely to be acquired than single-founder ventures, and if so, attempt to determine what number of founders results in the highest acquisition likelihood. Using the Kauffman Firm Survey (KFS) of US businesses started in 2004, our results indicate that team-founded new ventures are more likely to be acquired, and that there is a positive and diminishing relationship between team size and acquisition likelihood. This study contributes to the understanding of drivers of exit for new ventures, and opens up the new venture exit literature to future contributions of a team demography approach.

Keywords: new ventures; teams; exit; merger and acquisition (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/erj-2021-0193

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