ABSTRACT
People are the core behind a business, and success or failure of a startup or small business oftentimes is determined on the backs of a few key founders, employees, consultants, directors, and advisors. Generally, a venture begins with a small, core group of individuals who will serve as the backbone of the company until it can afford to hire additional employees. And while these individuals may have been the initial driver of a business or technology; each would likely volunteer that there were always other key early stage partners, founders, and employees crucial to the long-term success of these businesses. Chuck Eesley from the MIT Sloan School of Management studied early-stage businesses to identify what factors about their founding teams were integral to their success. Eesley found that technology startups with larger founding teams were more likely to be successful than those with smaller teams.
