Required Characteristics and Composition of an Optimal Entrepreneurial Team

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School of Business | Bachelor's thesis
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Authors

Date

2018

Department

Mikkelin kampus

Major/Subject

Mcode

Degree programme

(Mikkeli) Bachelor’s Program in International Business

Language

en

Pages

41

Series

Abstract

Objectives The main objectives of this study were to identify characteristics that are required in an entrepreneurial team from both the entrepreneurs and investors perspective and how each of these characteristics impacts the performance of the team. Summary This study analyzed the required characteristics of an entrepreneurial team by reviewing literature and by collecting data through a qualitative research. The data was gathered from interviews to three entrepreneurs and three business angel investors. Conclusions The results indicate that investors need to see that an entrepreneurial team has good dynamics even at the cost of diminishing diversity in the team. The relationship between founding team size and team performance is surprisingly significant in the sample group. Prior startup and industry experience is seen to be beneficial if the team members can gain valuable contacts and knowledge from their work. Ownership also plays a role in entrepreneurial team performance, and should be used as a flexible tool instead of deciding who gets what in the very beginning of the venture.

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Thesis advisor

Rannikko, Heikki

Keywords

scalable venture, entrepreneurship, entrepreneurial teams, business angel investor, startup

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https://urn.fi/URN:NBN:fi:aalto-201809105080

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[kand] Kauppakorkeakoulu / BIZ