How does the relationship between founding team composition and venture performance depend on the venture’s strategy and business environment? Using data from a novel survey of 2,067 firms, we show that while diverse founding teams tend to exhibit higher performance, this is not universally...

Organizational design in the context of new venture development is particularly challenging due to initially severe resource constraints. We address the question of when initial venture idea assets versus founder contracting experience are more important for venture performance. One view of new...