This article describes the benefits and pitfalls of starting a firm with an entrepreneurial team, drawing on a longitudinal empirical analysis of the life course of 90 team start-ups and 1196 solo start-ups in the Netherlands. In the first three years of their existence, team start-ups perform better than solo start-ups on several success indicators. However, after this start phase, entrepreneurial teams face particular problems in realizing further growth. These team-specific bottlenecks can even threaten firm survival. In later life course phases we found a clear distinction between entrepreneurial teams with stagnating growth and teams that succeeded in solving these problems and went on to realize further growth.

Entrepreneurial teams, firm growth, life course analysis, start-ups
Business Administration and Business Economics; Marketing; Accounting (jel M), New Firms; Startups (jel M13), Management of Technological Innovation and R&D (jel O32)
ERIM Report Series Research in Management
Erasmus Research Institute of Management

Stam, F.C, & Schutjens, V. (2004). The Performance Of Team Start-Ups In The First Phases Of The Life Course (No. ERS-2004-097-ORG). ERIM Report Series Research in Management. Retrieved from