During the many years that I was a founding member of the MIT Industrial Dynamics (ID) Group, later System Dynamics (SD), I focused on trying to apply SD concepts, tools and techniques to the real world and to having real impact. That orientation originated from listening to Jay Forrester as he...

How does the relationship between founding team composition and venture performance depend on the venture’s strategy and business environment? Using data from a novel survey of 2,067 firms, we show that while diverse founding teams tend to exhibit higher performance, this is not universally...