Startup team contributions and new firm creation: the role of founding team experience
Fernando Muñoz-Bullón,
Maria J. Sanchez-Bueno and
Antonio Vos-Saz
Entrepreneurship & Regional Development, 2015, vol. 27, issue 1-2, 80-105
Abstract:
The likelihood of nascent entrepreneurs making the transition from a new venture idea to a profitable business is argued to be contingent on the breadth of the resources available within the startup team. Team industry and startup experience are deemed to influence the entrepreneurs' ability to profitably establish the venture in the market via the mobilization of team resources. Using a sample of nascent entrepreneurs in the USA, we show that team resource heterogeneity has a positive impact on profitable firm creation. Moreover, this positive effect is greater as the team has more experience in the industry in which the new business will compete.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:taf:entreg:v:27:y:2015:i:1-2:p:80-105
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DOI: 10.1080/08985626.2014.999719
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