Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20007
Authors: 
Stam, Erik
Schutjens, Veronique
Year of Publication: 
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

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