There are other characteristics of the team that may matter. Extending the pioneering work of Stinchcombe (1965), recent research has identified the importance of organizational structure in increasing the performance of new ventures in emerging industries (Burton, Sørensen, and Beckman, 2002). Sine et al. (2006) find that greater formalization and specialization within founding teams is associated with higher revenue growth.Accordingly, the articulation of greater organizational structure may serve as a cue that will facilitate positive categorization of the opportunity by potential funders.