Using a sample of 958 software development teams we test the relationship between the development of symmetry in individual absorptive capacity (ACAP) and team ACAP, as well as the joint effect of both types on team performance. The results show that initial symmetry in individual ACAP, instead of growth over time, plays a key role in enhancing team ACAP. Furthermore, although increased team ACAP enhances product development speed, it also mediates the effect of initial team ACAP on product development. Our results show that the ability of team members to process knowledge is critically important. Guidelines developed from this research could assist in designing teams with symmetrical ACAP, which could be a source of competitive advantage.