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This thesis examines whether gender impacts venture capitalists' decision-making. Based on a
literature review, this study poses the hypothesis female founders receive less venture capital
funding than male founders. Further, it is hypothesized there is an interaction effect between
founder and investor gender on the funding such that founder-investor gender congruence will
lead to more funding than founder-investor gender incongruence. The analysis does not show
a significant relationship between gender and venture capital decision-making. Still, insignifi cant mean comparisons can be made to aid later considerations. This contributes to the literature
on the existing gender gap in venture capital funding.
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Gender effects Gender homophily Investors Venture capital decision-making
