In this paper, we extend our previous research by investigating the stability of start-up teams and its impact on reaching operating status. Using the Panel Study of Entrepreneurial Dynamics (PSED), we analyze a nationally representative cohort of nascent entrepreneurs over three observation...

We examine consequences of team stability and change on the time new ventures take to achieve various organizing milestones. We propose two competing hypotheses: 1) Stable teams indicate greater coordination and positively contribute to achieving certain founding events and 2) Teams that...