Entrepreneurship research overlooks the dynamics of changing diversity in founding teams. Our simulations calibrated from existing studies suggest that founding teams that change diversity exhibit greater discounted performance for their ventures due to being less diverse and thus their ventures surviving longer, compared to teams that maintain their diversity. Moreover, discounted performance is higher for teams changing diversity due to other teams' performance than due to their own poor performance. Simulating without membership changes the interdependence between team diversity, venture performance, and team disruption, we find that while team diversity is overall performance-enhancing, this association differs across contexts and its impact varies as ventures mature. Founding team diversity should thus be seen as a continuum where moderate diversity can best serve teams in turbulent environments.

中文翻译：

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创始团队多样性和风险投资成果的动态：模拟方法


创业研究忽视了创始团队多样性变化的动态。我们根据现有研究进行的模拟表明，与保持多样性的团队相比，改变多样性的创始团队由于多样性较低，其企业的表现会表现出更大的折扣，因此他们的企业生存时间更长。此外，对于由于其他团队的表现而改变多样性的团队来说，绩效折扣比由于自己的糟糕绩效而改变的绩效折扣更高。在没有成员资格的情况下进行模拟会改变团队多样性、风险投资绩效和团队破坏之间的相互依赖关系，我们发现，虽然团队多样性可以提高整体绩效，但这种关联在不同环境下会有所不同，并且随着风险投资的成熟，其影响也会有所不同。因此，创始团队的多样性应被视为一个连续体，其中适度的多样性可以最好地为动荡环境中的团队服务。