Human Capital of Entrepreneurial Teams in Nascent High-Tech Sectors: A Comparison between Cleantech and Internet

Technology Analysis & Strategic Management, Forthcoming

28 Pages Posted: 20 Nov 2014 Last revised: 13 Apr 2017

Paola Garrone

Politecnico di Milano

Luca Grilli

Politecnico di Milano

Boris Mrkajic

Politecnico di Milano

Date Written: March 1, 2017

Abstract

We use an inductive approach to understand what types of founders’ human capital, at individual and team levels, are necessary to recognize and exploit entrepreneurial opportunities. A sample of 195 founders who teamed up in the nascent phases of Cleantech and Interned-based sectors is analysed. The results suggest a twofold moderating effect of the sectoral context. First, a more hard science-based and complex sector like Cleantech demands technically more skilled entrepreneurs, but at the same time, it still requires fairly commercially experienced and economically competent individuals. Furthermore, the business context also appears to exert an important influence on team formation dynamics: individuals are more prone to team up with cofounders possessing complementary know-how when they are starting a new business venture in the Cleantech rather than in the Internet-based sector. Overall, these results stress the role of the specific high-tech business context at stake when analysing entrepreneurial team composition patterns.

Keywords: Entrepreneurial team composition, founders’ human capital, business context, homophily, functionality

JEL Classification: J24, M54, L26

Suggested Citation

Garrone, Paola and Grilli, Luca and Mrkajic, Boris, Human Capital of Entrepreneurial Teams in Nascent High-Tech Sectors: A Comparison between Cleantech and Internet (March 1, 2017). Technology Analysis & Strategic Management, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2527897 or http://dx.doi.org/10.2139/ssrn.2527897

Paola Garrone

Politecnico di Milano ( email )

piazza Leonardo da Vinci 32
Milano, 20133
Italy
+39-02-23992742 (Phone)

Luca Grilli

Politecnico di Milano ( email )

20134 Milan
Italy

Boris Mrkajic (Contact Author)

Politecnico di Milano ( email )

Via Raffaele Lambruschini, 4B
Milan, 20156
Italy

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