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. …

. Additionally the impact of having founded as a team is analyzed. Success is measured by employment growth. The findings suggest … that it is advantageous to found within a team, but that the human capital composition both for single entrepreneurs and … team foundations is rather irrelevant. …

of a sample of young technology-oriented firms in Germany and the UK. The empirical results confirm that neither youth …