A process study of entrepreneurial team formation: the case of a research-based spin-off |
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| Affiliation: | 1. Universitat Internacional de Catalunya, Department of Economy and Business Organization, C. Immaculada, 22, Barcelona 08017, Spain;2. IUDESCOOP, Universitat de València Estudi General, C. Serpis, 29 (Institutes of Research), Valencia 46022, Spain;3. Universidad Católica de Valencia, C. Quevedo, 2, Valencia 46001, Spain;1. University of Notre Dame, United States of America;2. Technical University of Munich, Germany |
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| Abstract: | This paper describes how a team of entrepreneurs is formed in a high-tech start-up, how the team copes with crisis situations during the start-up phase, and how both the team as a whole and the team members individually learn from these crises. The progress of a high-tech university spin-off has been followed up from the idea phase until the post-start-up phase. Adopting a prospective, qualitative approach, the basic argument of this paper is that shocks in the founding team and the position of its champion co-evolve with shocks in the development of the business. |
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