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The Performance Of Team Start-Ups In The First Phases Of The Life Course

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  • Stam, F.C.
  • Schutjens, V.

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.

Suggested Citation

  • Stam, F.C. & Schutjens, V., 2004. "The Performance Of Team Start-Ups In The First Phases Of The Life Course," ERIM Report Series Research in Management ERS-2004-097-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:1784
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    File URL: https://repub.eur.nl/pub/1784/ERS%202004%20097%20ORG.pdf
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    References listed on IDEAS

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    4. ,, 2003. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 19(5), pages 879-883, October.
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    6. Thakur, Sanjay Prasad, 1999. "Size of investment, opportunity choice and human resources in new venture growth: Some typologies," Journal of Business Venturing, Elsevier, vol. 14(3), pages 283-309, May.
    7. ,, 2003. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 19(6), pages 1195-1198, December.
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    Cited by:

    1. Math Mazra, 2017. "Entrepreneurial Team Diversity And New Venture Performance In Cameroon: The Moderating Effect Of Conflicts," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(04), pages 1-22, May.

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    More about this item

    Keywords

    Entrepreneurial teams; firm growth; life course analysis; start-ups;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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