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The role of founders in venture capital funding - an empirical analysis of German start-ups
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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.
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Palavras-chave
Venture capital funding Start-up financing Founder background Gender gap Human capital