Founder team prior work experience: An asset or a liability for startup growth?

Hashai, Niron; Zahra, Shaker A.

doi:10.1002/sej.1406

Cited by 32 publications

(40 citation statements)

References 94 publications

(268 reference statements)

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“…Individual entrepreneurs cannot possess all the knowledge needed to start a business, so establishing entrepreneurial teams has become a trend. Most new ventures or technologybased startups are currently founded by entrepreneurial teams (Lazar et al, 2020;Wasserman, 2012) based on a combination of human capital (Hashai and Zahra, 2021) to enhance competitive advantages and fulfill companies' strategies (Hitt et al, 2006). However, more than 60% of startup failures are related to the startup team (Kaplan and Stromberg, 2004).…”

Section: The Relationship Between Entrepreneurial Teams and Startup S...mentioning

confidence: 99%

“…, 2012). Once founders bring this knowledge to a startup, it becomes key to its growth (Hashai and Zahra, 2021).…”

Section: The Prior Literature and Hypothesis Developmentmentioning

confidence: 99%

“…Most new ventures or technology-based startups are currently founded by entrepreneurial teams (Lazar et al. , 2020; Wasserman, 2012) based on a combination of human capital (Hashai and Zahra, 2021) to enhance competitive advantages and fulfill companies' strategies (Hitt et al. , 2006).…”

Section: The Prior Literature and Hypothesis Developmentmentioning

confidence: 99%

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The survival of bike-sharing startups in China: an empirical analysis of the influencing factors

Zhou

Park

Wang

et al. 2022

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PurposeBike-sharing is popular worldwide, and it has led to a new development direction in green transportation. However, the collapse of many bike-sharing startups and residual social problems has brought about contradictions and challenges to the development of the industry. The purpose of this paper is to determine how internal factors affect the survival of bike-sharing startups.Design/methodology/approachThe authors used binary logit regression as the measurement model to conduct an empirical analysis based on 137 bike-sharing startups in China. The study focuses on using traditional theoretical evidence and considers the uniqueness of the industry to jointly explore the survival factors that influence the emerging business model of bike-sharing.FindingsThe results show that entrepreneurial team size and differentiation strategy positively influence survival. Founder-CEOs have a negative impact on survival. Founders' entrepreneurial experience and venture capital have no significant influence on survival.Originality/valueThe results verify the role of traditional survival factors in the new business model of sharing economy and fill the research gap on the survival strategy of startups. This study offers a unique perspective for researchers to better understand the sharing economy industry and provides practical guidance for entrepreneurs and investors to enter the market.

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Section: The Relationship Between Entrepreneurial Teams and Startup S...mentioning

confidence: 99%

“…, 2012). Once founders bring this knowledge to a startup, it becomes key to its growth (Hashai and Zahra, 2021).…”

Section: The Prior Literature and Hypothesis Developmentmentioning

confidence: 99%

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The survival of bike-sharing startups in China: an empirical analysis of the influencing factors

Zhou

Park

Wang

et al. 2022

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“…Growth is related to economic development and the microeconomic sources of this growth. A company's growth can be reflected in an increase in its assets, equity, earnings per share, and sales (Erhardt, 2021;Hashai, Zahra, 2022). Earnings-per-share growth is directly related to value growth and is considered the most important growth indicator in the capital market (Danbolt, Hirst, Jones, 2011).…”

Section: Literature Analysismentioning

confidence: 99%

Company growth and growth opportunities on the example of some EU stock exchanges in the light of market characteristics

Bolek

Gniadkowska-Szymańska

Pietraszewski

2022

Folia Oeconomica

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This paper analyzes the relationship between growth opportunity measures and the future growth of companies. If there is a correlation between a company’s growth potential and its real growth, then the markets are more predictable and effective. The survey was conducted on the example of the following European markets: Austria, the Baltic Countries[1], Hungary, France, Poland, and Germany. The goal of this paper is to assess the relationship between growth opportunity measures and the future growth of companies listed on the stock exchanges of some markets in the European Union. The countries considered can be classified according to the size of the state, market liquidity, and the maturity of the exchange. Those external factors were expected to influence the strength of the growth and its opportunity relationship. It was found that growth opportunity measures based on market prices have predicting power for the future growth of companies. They are also strongly related to companies’ future growth in large countries and weakly related to future growth in small countries. This paper adds to the literature on the application of growth opportunity measures regarding market characteristics. These results are in line with the view that market liquidity should increase its efficiency in revealing the value of stocks and the Comprehensive Advantage of Large Countries hypothesis. [1] By Baltic Countries, we understand Lithuania, Latvia, and Estonia. Together, they form Nasdaq Baltic, with exchanges in Tallinn, Riga and Vilnius. The core idea is to minimize the differences between the three markets to facilitate cross-border trading and attract more investments to the region. This includes sharing the same trading system and harmonizing rules and market practices, all with the aim of reducing the costs of cross-border trading in the Baltic region. The Baltic exchanges belong to Nasdaq, the world’s largest exchange company.

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“…Findings on the impacts of founding team diversity are mixed, however. The same diversity attribute (e.g., functional diversity) has been found to have a positive, negative, or no significant relationship with venture performance (Hashai and Zahra, 2021;Jin et al, 2017;Zhou and Rosini, 2015) suggesting that diversity can be a "double-edged" sword entailing both benefits and costs (Brixy et al, 2020). From information-processing perspectives (Williams and O'Reilly, 1998), diversity within the founding team contributes to better idea generation, decision-making, and problem-solving (Wang et al, 2019;Stahl et al, 2010;Milliken and Martins, 1996).…”

Section: Introductionmentioning

confidence: 99%

The roles of innovation strategy and founding team diversity in new venture growth

Huang

Battisti

Pickernell

2023

Journal of Business Research

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Founder team prior work experience: An asset or a liability for startup growth?

Cited by 32 publications

References 94 publications

The survival of bike-sharing startups in China: an empirical analysis of the influencing factors

The survival of bike-sharing startups in China: an empirical analysis of the influencing factors

Company growth and growth opportunities on the example of some EU stock exchanges in the light of market characteristics

The roles of innovation strategy and founding team diversity in new venture growth

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