Startup team contributions and new firm creation: the role of founding team experience

Muñoz‐Bullón, Fernando; Sánchez-Bueno, María J.; Vos-Saz, Antonio

doi:10.1080/08985626.2014.999719

Cited by 51 publications

(41 citation statements)

References 92 publications

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“…Previous research has shown the important role played by entrepreneurial teams in the process of creating new firms (Muñoz-Bullon et al 2015). In fact, some authors emphasise that the links on the basis of which teams are created enable a significant number of new firms to be started up (Loane et al 2007).…”

Section: Entrepreneur Teamsmentioning

confidence: 99%

The influence of human and relational capital on the rapid internationalization of firms

Baier-Fuentes

Hormiga

Amorós

et al. 2018

ARLA

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Purpose-The purpose of this paper is to compare the influence of human and relational capital of entrepreneurs from two economically different contexts on the rapid internationalization of their firms. Design/methodology/approach-The study was developed using data collected from Global Entrepreneurship Monitor of Spain and Chile. Moreover, a logistic regression analysis is used to examine and compare the influence of some elements of human and relational capital of entrepreneurs on the likelihood that those can will rapidly internationalize their firms. Findings-The results revealed that the Chilean entrepreneurs seem to rely more on their formal education or experience to rapidly internationalize their firms. By contrast, Spanish entrepreneurs tend to complement their formal education with their relational capital in order to carry out international entrepreneurial activities. Research limitations/implications-The implications of this study are related to the role that public policies can play in promoting these kinds of entrepreneurial initiatives. Contribution/Value Added-This paper presents several contributions. First, it advances the understanding of entrepreneurial internationalization in emerging economic contexts. Second, it provides a comparative study on entrepreneurial internationalization, which is considered the "crux" of IE. Finally, this comparative study helps to understand the influence of different economic context on entrepreneurial internationalization.

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Section: Entrepreneur Teamsmentioning

confidence: 99%

The influence of human and relational capital on the rapid internationalization of firms

Baier-Fuentes

Hormiga

Amorós

et al. 2018

ARLA

View full text Add to dashboard Cite

show abstract

“…Therefore, to add another dimension to this research, further work could focus on the timing of reaching specific investment milestones. This research has taken a first step towards investigating the impact of the start-up founding teams’ human capital configuration over time (Muñoz-Bullon et al 2015 ), and the findings of this exploratory research can act as the basis for future investigations. However, it needs to be highlighted that this research generalized higher education in the data analysis, and consequently did not measure the effect of specific universities on digital start-ups.…”

Section: Limitations and Future Researchmentioning

confidence: 99%

The impact of digital start-up founders’ higher education on reaching equity investment milestones

et al. 2017

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This paper builds on human capital theory to assess the importance of formal education among graduate entrepreneurs. Using a sample of 4953 digital start-ups the paper evaluates the impact of start-up founding teams' higher education on the probability of securing equity investment and subsequent exit for investors. The main findings are: (1), teams with a founder that has a technical education are less likely to remain self-financed and are more likely to secure equity investment and to exit, but the impact of technical education declines with higher level degrees, (2) teams with a founder that has doctoral level business education are less likely to remain self-financed and have a higher probability of securing equity investment, while undergraduate and postgraduate business education have no significant effect, and (3) teams with a founder that has an undergraduate general education (arts and humanities) are less likely to remain self-financed and are more likely to secure equity investment and exit while postgraduate and doctoral general education have no significant effect on securing equity investment and exit. The findings enhance our understanding of factors that influence digital start-ups achieving equity milestones by showing the heterogeneous influence of different types of higher education, and therefore human capital, on new ventures achieving equity milestones. The results suggest that researchers and policy-makers should extend their consideration of universities entrepreneurial activity to include the development of human capital.

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“…Previous empirical studies provide supports for significant impacts of industry experience on startups' profitability, survival, and growth (Cooper & Gimeno-Gascon, 1992;Cooper et al, 1994;Westhead, 2000;Ganotakis, 2012;Muñ oz-Bullon, Sanchez-Bueno, & Vos-Saz, 2015). Strong industry experience enables entrepreneurs to establish strong social network (Ardichvili, Cardozo, & Ray, 2003).…”

Section: Entrepreneurial Team Industry Experiences and Financial Resomentioning

confidence: 99%

“…Strong startup experience enables an entrepreneurial team to minimize uncertainty, and helps the startup quickly establish routine and day-to-day activities. It reduces the costs of leveraging financial resources to pursue a business opportunity (Muñ oz-Bullon et al, 2015), resulting in more profitable venturing.…”

Section: The Moderating Role Of Entrepreneurial Teams' Previous Startmentioning

confidence: 99%

New-Born Startups Performance: Influences of Resources and Entrepreneurial Team Experiences

2018

IBR

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This study examines the interaction effects of entrepreneurial team experiences and resources o n new-born startup firm performance, from a contextual view point of entrepreneurship. The sample is from a longitudinal panel data of Kauffman Firm Survey conducted over the period of 2005-2012 by the Ewing Marion Kauffman Foundation. Results suggest that financial resources have positive impacts on startup firms' profitability; whereas the impacts of initial firm size on profitability are negative. Startups are more likely to be profitable when the firm size is small at the new-born stage. The positive impact of financial resources on profitability is greater when entrepreneurial teams have strong industry experience; whereas entrepreneurial teams' industry experience and intangible resources have a negative interaction effect on profitability. Entrepreneurial team's startup experience has most negative interaction effects on new-born startup firms' profitability. This finding indicates that the entrepreneurial team's startup experience plays stronger roles in venturing profitable startups when the amount of financial resources and initial firm size are small; however, the team's startup experience and intangible resources have positive interaction effects on new-born startups' profitability.

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Startup team contributions and new firm creation: the role of founding team experience

Cited by 51 publications

References 92 publications

The influence of human and relational capital on the rapid internationalization of firms

The influence of human and relational capital on the rapid internationalization of firms

The impact of digital start-up founders’ higher education on reaching equity investment milestones

New-Born Startups Performance: Influences of Resources and Entrepreneurial Team Experiences

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