How does heterogeneity in experience influence the performance of nascent venture teams?: Insights from the US PSED II study
Journal
Journal of Business Venturing Insights
ISSN-Digital
2352-6734
Type
journal article
Date Issued
2016-06-01
Author(s)
Abstract (De)
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).
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam [u.a.]
Volume
5
Start page
55
End page
62
Pages
8
Subject(s)
Eprints ID
248269