Homophily, Information Asymmetry and Performance in the Angels Market

@article{Venugopal2017HomophilyIA,
  title={Homophily, Information Asymmetry and Performance in the Angels Market},
  author={B. Venugopal},
  journal={Financial Accounting eJournal},
  year={2017}
}
  • B. Venugopal
  • Published 2017
  • Business
  • Financial Accounting eJournal
Using unique hand-collected data on startups that were seed-funded by individual angel investors, I show that social connections between angels and entrepreneurs, obtained via schools, past employment and ethnicity, positively influence investment decisions of angels, and the subsequent performance of startups. Social connections, irrespective of the ranking of the school or employer they were formed, are crucial for obtaining early-stage startup financing particularly in markets with higher… Expand
5 Citations
Brokered Private Placements
Essays in empirical corporate finance
  • PDF
Progress or pinkwashing: who benefits from digital women-focused capital funds?
  • 3
  • Highly Influenced
  • PDF
The Secret Lives of Names?: Name Embeddings from Social Media
  • 6
  • PDF

References

SHOWING 1-10 OF 51 REFERENCES
How Do Investors Accumulate Network Capital? Evidence from Angel Networks
  • 2
The Globalization of Angel Investments: Evidence Across Countries
  • 62
  • PDF
Manager Networks and Coordination of Effort: Evidence from Venture Capital Syndication
  • 7
The Consequences of Entrepreneurial Finance: Evidence from Angel Financings
  • 283
  • Highly Influential
  • PDF
Angels and Venture Capitalists: Complements or Substitutes?
  • 17
  • Highly Influential
  • PDF
Judging Borrowers by the Company They Keep: Friendship Networks and Information Asymmetry in Online Peer-to-Peer Lending
  • 683
  • PDF
Friends or Foes: The Interrelationship between Angel and Venture Capital Markets
  • 96
  • PDF
The Importance of Angel Investing in Financing the Growth of Entrepreneurial Ventures
  • 104
  • PDF
...
1
2
3
4
5
...