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Title:The fragile success of team start-ups PDF Logo
Authors:Stam, Erik
Schutjens, Veronique
Issue Date:2005
Series/Report no.:Papers on entrepreneurship, growth and public policy 1705
Abstract:This article describes the benefits and pitfalls of starting a firm with an entrepreneurial team, drawing on a longitudinal empirical analysis of the life course of 90 team start-ups and 1196 solo start-ups in the Netherlands. In the first three years of their existence, team start-ups perform better than solo start-ups on several success indicators. However, after this start phase, entrepreneurial teams face particular problems in realizing further growth. These team-specific bottlenecks can even threaten firm survival. In later life course phases we found a clear distinction between entrepreneurial teams with stagnating growth and teams that succeeded in solving these problems and went on to realize further growth.
Subjects:entrepreneurial teams
start-ups
firm growth
life course analysis
JEL:M13
L25
D92
D74
D23
D21
M54
Document Type:Working Paper
Appears in Collections:Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik

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