Search Results
Candida G. Brush and Tatiana S. Manolova
Entrepreneurship as Organizing
Selected Papers of William B. Gartner
William B. Gartner and Candida G. Brush
Patricia G. Greene and Candida G. Brush
A Research Agenda for Women and Entrepreneurship
Identity Through Aspirations, Behaviors and Confidence
Edited by Patricia G. Greene and Candida G. Brush
Patricia G. Greene and Candida G. Brush
Candida G. Brush, Linda F. Edelman and Tatiana S. Manolova
Angel investment plays a crucial role in financing growth-oriented ventures by filling the gap between informal infusions by family and friends and more formal institutional (venture capital) investment. In this chapter we are interested in women’s ability to obtain critical early-stage, angel funding. Using a ‘readiness for funding’ framework and drawing from a proprietary database of 668 firms that over a four-year period sought angel investment from the members of a prominent angel investment group located outside of Boston, MA we compare men-only top management teams to teams which are more diverse. Our findings indicate that despite being more ‘ready’ on many of our readiness indicators, diverse top management teams are not more likely to receive funding compared to their all male counterparts. This suggests that when it comes to angel financing, the effect of top management team diversity is more nuanced and intermediated. Implications are discussed.