Table I

Means, standard deviations and correlations

MeanSD123456
1. New venture creation0.610.48      
2. Average age of founding team members42.7211.680.22***     
3. High-technology industry (dummy)0.170.380.03−0.01    
4. Founding team size2.360.72−0.000.060.08   
5. Business plan development (dummy)0.520.490.020.010.080.04  
6. Founding team industry experience7.838.190.22***0.34***0.06−0.030.10* 
7. Founding team venturing experience0.310.56−0.020.20***−0.000.11*0.10*0.07

Notes:n=446. *p<0.05; **p<0.01; ***p<0.001

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