Resilience, or the capacity to rebound from adversity strengthened and more resourceful, is an important quality for entrepreneurial teams, yet we know little about how entrepreneurial teams can foster resilience. I develop and test hypotheses about the antecedents and mechanisms for resilience in entrepreneurial teams. I argue that communal schemas in entrepreneurial teams, which entail caring for team members’ needs, foster resilience through the mechanisms of trust and creativity. Moreover, I hypothesize that contracting practices that make expectations explicit and activities transparent facilitate resilience through the mechanisms of role clarity and accountability. The hypotheses are tested in a survey of 122 entrepreneurial teams. Results support the proposed framework.