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Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications

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  • de Mol, Eva
  • Cardon, Melissa S.
  • de Jong, Bart
  • Khapova, Svetlana N.
  • Elfring, Tom

Abstract

Empirical evidence is mounting that passion is an important part of entrepreneurship, contributing to behavior and outcomes for entrepreneurs, employees, and ventures. Yet knowledge of the performance implications of passion within new venture teams is sorely lacking. We examine how both the average level of entrepreneurial passion and the diversity of passion within new venture teams contributes to venture performance in both the short- and long-term. We test our model with multi-source, multi-wave data collected from 107 new venture teams participating in an accelerator program. Our findings indicate that average team passion is not significantly related to performance, but passion diversity, particularly intensity separation, is negatively related to performance. These findings have important implications for the literature on passion, new venture teams, and group affective diversity.

Suggested Citation

  • de Mol, Eva & Cardon, Melissa S. & de Jong, Bart & Khapova, Svetlana N. & Elfring, Tom, 2020. "Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications," Journal of Business Venturing, Elsevier, vol. 35(4).
    • Handle: RePEc:eee:jbvent:v:35:y:2020:i:4:s088390261830627x
    DOI: 10.1016/j.jbusvent.2019.105965
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    2. Adomako, Samuel & Ahsan, Mujtaba, 2022. "Entrepreneurial passion and SMEs’ performance: Moderating effects of financial resource availability and resource flexibility," Journal of Business Research, Elsevier, vol. 144(C), pages 122-135.
    3. Karami, Masoud & Read, Stuart, 2021. "Co-creative entrepreneurship," Journal of Business Venturing, Elsevier, vol. 36(4).
    4. McSweeney, Jordan J. & McSweeney, Kevin T. & Webb, Justin W. & Sandoval, Rosalyn G., 2022. "Passion drove me here: Exploring how types of entrepreneurial passion influence different entrepreneurial intentions," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    5. Purushottam Dhakal & Retha Wiesner & Tek Maraseni, 2022. "When Entrepreneurial Leadership Identity and Passion Meet Venture Growth Intention," Sustainability, MDPI, vol. 14(20), pages 1-20, October.
    6. Becker, Kai & Ebbers, Joris J. & Engel, Yuval, 2023. "Network to passion or passion to network? Disentangling entrepreneurial passion selection and contagion effects among peers and teams in a startup accelerator," Journal of Business Venturing, Elsevier, vol. 38(4).
    7. Schwarte, Ying & Song, Yue & Hunt, Richard A. & Lohrke, Franz T., 2023. "Passion as process: Three perspectives on entrepreneurial passion and an integrated path forward," Journal of Business Research, Elsevier, vol. 156(C).
    8. Wesley II, Curtis L. & Kong, Dejun Tony & Lubojacky, Connor J. & Kim Saxton, M. & Saxton, Todd, 2022. "Will the startup succeed in your eyes? Venture evaluation of resource providers during entrepreneurs' informational signaling," Journal of Business Venturing, Elsevier, vol. 37(5).
    9. Mathias, Blake D. & Wang, Stephanie, 2023. "Not so silent partners: Exploring the interconnected roles of entrepreneurs and their spouses," Journal of Business Venturing, Elsevier, vol. 38(4).
    10. Kurdoglu, Rasim Serdar & Lerner, Daniel & Ates, Nufer Yasin, 2022. "Unsticking the rationality stalemate: Motivated reasoning, reality, and irrationality," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    11. Hong Yang & Brian Paul Cozzarin & Can Peng & Chun Xu, 2022. "Start‐ups and entrepreneurial teams," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1167-1184, July.
    12. Michael Pietersen & Melodi Botha, 2021. "Achieving coherence: towards a model of the nascent-stage behavioral dynamics of new venture teams," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1261-1290, September.

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