How does heterogeneity in experience influence the performance of nascent venture teams?: Insights from the US PSED II study

Dorina Thiess, Charlotta Sirén and Dietmar Grichnik

Journal of Business Venturing Insights, 2016, vol. 5, issue C, 55-62

Abstract: Experience is a critical factor in the success of nascent venture teams. However, homogeneous experience levels within teams may have drawbacks. This study focuses upon the performance effects of heterogeneities in experience type – management, industry, and start-up experience – for nascent venture teams. Using the representative US-based PSED II dataset including 519 nascent venture teams, we find that balanced experience types (heterogeneities in management and start-up experience) among nascent venture team members led to increased early-stage performance (measured as the expected revenue after the first operational year and the progress in terms of entrepreneurial activities pursued within the first five years of operation).

Keywords: Nascent entrepreneurship; Venture teams; Heterogeneity; Experience; PSED II (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:5:y:2016:i:c:p:55-62

DOI: 10.1016/j.jbvi.2016.04.001

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