The role of founders in venture capital funding - an empirical analysis of German start-ups

• Autor(a) principal: Steck, Raphael
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/155936
• topic: Venture capital funding; Start-up financing; Founder background; Gender gap; Human capital; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

This paper examines the impact of start-up founders’ backgrounds on the venture capital funding raised. In the analysis, different factors such as gender, education, and professional experience are used to test the influence on the collected venture capital. Results show that gender has no significant impact on funding. Education has both a positive and negative significant effect depending on different levels of education. The university attended and industry experience have a significant positive influence on the funding amount. Founding experience shows a negative significant effect on funding. However, no significant connection to tech experience could be established.