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Entrepreneurial team formation and evolution in technology ventures: Looking beyond the top management team

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  • Ayna Yusubova
  • Petra Andries
  • Bart Clarysse

Abstract

Drawing on a stage-based and knowledge-based view, this study investigates the process of team evolution in technology ventures, paying attention to top managers and other team members. In-depth analysis of six cases shows that team evolution is linked to the changing knowledge needs technology ventures face when proceeding through different development stages. In each stage, they add (1) complementary or (2) more of the same knowledge to their existing knowledge base by hiring top managers as well as non-top management employees, and redirect team members whose knowledge is no longer crucial. In particular, the study highlights the crucial role of non-top management employees for technology ventures’ development.

Suggested Citation

  • Ayna Yusubova & Petra Andries & Bart Clarysse, 2020. "Entrepreneurial team formation and evolution in technology ventures: Looking beyond the top management team," Journal of Small Business Management, Taylor & Francis Journals, vol. 58(5), pages 893-922, September.
    • Handle: RePEc:taf:ujbmxx:v:58:y:2020:i:5:p:893-922
    DOI: 10.1111/jsbm.12539
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    Cited by:

    1. Jian Liu & Rainer Harms, 2025. "Pathways to survive in abrupt adversities: a configurational approach to understanding the resilience of new venture teams," Review of Managerial Science, Springer, vol. 19(5), pages 1447-1476, May.
    2. Yusubova, Ayna & Knoben, Joris, 2025. "Mentors’ motives and mentoring functions: Comparing social and commercial new ventures," Other publications TiSEM 59edbbb2-7e12-4c54-a431-d, Tilburg University, School of Economics and Management.
    3. Elisabeth Mueller & Lorna Syme & Thorsten Doherr, 2025. "Continuing opportunity recognition in young ventures—the role of founder and joiner experience," Small Business Economics, Springer, vol. 65(4), pages 2259-2276, December.
    4. Argyro Iro Nikiforou & Lars Alkærsig & Irini Voudouris & Jes Broeng, 2026. "Recognizing the need for a non-academic cofounder: competence (mis)perceptions in academic spin-off team formation," Small Business Economics, Springer, vol. 66(3), pages 1117-1139, March.

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