Entrepreneurial team characteristics and success of new technology-based firms in Germany

In this paper, we examine commonalities and differences between different types of team formation regarding team size and gender in new technology-based firms in Germany. We concentrate on a sample of 1,834 firms in very-high-technology and high-technology sector and technology-based services. Apart from descriptive statistics, we subdivided the groups into temporal cohorts in order to analyse differences regarding the potential team formation impact on firm success and firm characteristics. Our findings disclose that team heterogeneity in terms of gender, size and educational level has little impact on firm success.