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Max-Planck-Institut für Ökonomik, Jena >
Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik >
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http://hdl.handle.net/10419/20007
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| Title: | | The fragile success of team start-ups  |
| 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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