created at firm formation and is inalienable from the founding team itself. To test this hypothesis, we exploit premature … deaths to identify the causal impact of losing a founding team member on startup performance. We find that the exogenous … separation of a founding team member due to premature death has a persistently large, negative, and statistically significant …

diversity (i.e., within the team) as well as vertical diversity (i.e., team to faculty advisor) and their effect on performance … course was run in multiple cohorts in otherwise identical formats except for the team formation mechanism used. In several … exogenous to the gender make-up of the entrepreneurial team, the positive performance effects can be interpreted as causal …

Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more … successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is … measured by employment growth. I find that team foundations have higher employment growth than single entrepreneurs. Team …

In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team …, the team size, team members' homogeneity with respect to ability, and team members' heterogeneity with respect to … whole population of Danish firms founded in 1998, I find that the average ability level in a team and the team size have …

is team additions had the same characteristics as the initial team members. …