Final answer:
The incorrect statement about founding teams is that new teams have an advantage over teams that have previously worked together. In reality, experienced teams often have established communication and efficiencies that new teams may lack.
Step-by-step explanation:
Founding teams are critical in the success of new startups. It's known that diverse teams, consisting of members with various abilities and experiences, can offer a range of perspectives and innovative solutions that homogeneous teams might not achieve because similarity can lead to conformity, stifling creativity and growth. Moreover, a startup's success often depends on the dedication and belief of its founders, who provide not just capital but also necessary knowledge about the business, thus demonstrating confidence in the venture. The provided psychological support among cofounders, the infusion of diverse skills from various team members, and the knowledge sharing are all essential elements in driving a firm's success.
Interestingly, gender-balanced teams have been found to perform better in terms of sales and profits, indicating the value of diversity in team composition. However, it's a misconception that teams new to working with each other have an innate advantage; in fact, teams with a history of collaboration may work more efficiently due to established communication protocols and mutual understanding.