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Venture Capital
An International Journal of Entrepreneurial Finance
Volume 14, 2012 - Issue 4
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Articles

Horse vs. Jockey? How stage of funding process and industry experience affect the evaluations of angel investors

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Pages 241-267 | Published online: 25 May 2012

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Marek Zinecker, Martina Skalicka, Adam P. Balcerzak & Michał Bernard Pietrzak. (2022) Identifying the impact of external environment on business angel activity. Economic Research-Ekonomska Istraživanja 35:1, pages 83-105.
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Colin Mason, Tiago Botelho & Joe Duggett. (2022) Promoting cross-border investing by business angels in the European Union. Regional Studies 56:8, pages 1391-1403.
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Veronica De Crescenzo, Abel Monfort, Jose Augusto Felício & Samuel Ribeiro-Navarrete. (2022) Communication and the role of third-party endorsement in social crowdfunding. The Service Industries Journal 42:9-10, pages 770-797.
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Mojca Svetek & Mateja Drnovšek. (2022) The jockey on the horse: what makes a winning ride in the eyes of early-stage investors?. Small Enterprise Research 29:2, pages 165-189.
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Simon Kleinert & Christine Volkmann. (2019) Equity crowdfunding and the role of investor discussion boards. Venture Capital 21:4, pages 327-352.
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Colin Mason, Tiago Botelho & Richard Harrison. (2019) The changing nature of angel investing: some research implications. Venture Capital 21:2-3, pages 177-194.
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Brett A. White & John Dumay. (2017) Business angels: a research review and new agenda. Venture Capital 19:3, pages 183-216.
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Richard T. Harrison, Colin Mason & Donald Smith. (2015) Heuristics, learning and the business angel investment decision-making process. Entrepreneurship & Regional Development 27:9-10, pages 527-554.
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Vincenzo Capizzi. (2015) The returns of business angel investments and their major determinants. Venture Capital 17:4, pages 271-298.
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Sheetal Singh, Jae Hyeung Kang & Ravi S. Ramani. (2023) Authentic passion matters: the role of emotional labor between presenters' passion and investment decision. International Journal of Entrepreneurial Behavior & Research 29:9/10, pages 2091-2109.
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Jessica Jones, Christina Hymer, Ashley Roccapriore & Brett Smith. (2023) Does religion matter to angels? Exploring the influence of religion in entrepreneurial investor decision-making. Small Business Economics.
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Mojca Svetek. (2022) The Role of Entrepreneurs’ Perceived Competence and Cooperativeness in Early-Stage Financing. Entrepreneurship Theory and Practice 47:6, pages 2047-2076.
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Ye Zhang, Louise Scholes, Kun Fu, Mathew Hughes & Fangcheng Tang. (2023) Equity crowdfunding syndicates and fundraising performance: the effect of human capital and lead investor reputation. Journal of Small Business and Enterprise Development 30:4, pages 645-666.
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Yan Zhou, Sangmoon Park, Justin Zuopeng Zhang & João J. Ferreira. (2023) How do innovative internet tech startups attract venture capital financing?. Journal of Management & Organization, pages 1-22.
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Adi Hoorvitch Lavi & Eyal Yaniv. (2023) The Effect of Entrepreneur Attributes on Investment Evaluations in Pitch Competitions. The Journal of Entrepreneurship 32:1, pages 39-74.
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Benjamin Le Pendeven & Armin Schwienbacher. (2021) Equity Crowdfunding: The Influence of Perceived Innovativeness on Campaign Success. British Journal of Management 34:1, pages 280-298.
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Kipp A. Krukowski, Jeffrey M. Pollack & Matthew W. Rutherford. (2023) Winning the opportunity to pitch: Piquing startup investors’ interest by sending the right signals in executive summaries. Business Horizons 66:1, pages 75-86.
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Christophe Bonnet, Vincenzo Capizzi, Laurence Cohen, Aurelien Petit & Peter Wirtz. (2022) What drives the active involvement in business angel groups? The role of angels' decision-making style, investment-specific human capital and motivations. Journal of Corporate Finance 77, pages 101944.
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Wan-Chien Lien, Jianhong Chen & Jeffrey Sohl. (2022) Do I have a big ego? Angel investors' narcissism and investment behaviors. Journal of Business Venturing 37:5, pages 106247.
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Michael Wessel, Ferdinand Thies & Alexander Benlian. (2022) The role of prototype fidelity in technology crowdfunding. Journal of Business Venturing 37:4, pages 106220.
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Nicola Del Sarto, Claudio Cruz Cazares & Alberto Di Minin. (2022) Startup accelerators as an open environment: The impact on startups’ innovative performance. Technovation 113, pages 102425.
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Baozhou Lu, Tailai Xu & Ziqi Wang. (2022) Signaling innovativeness in crowdfunding entrepreneurial narratives: the moderating roles of entrepreneurial passion and social endorsement. Internet Research.
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Shuangfa Huang, David Pickernell, Martina Battisti & Thang Nguyen. (2021) Signalling entrepreneurs’ credibility and project quality for crowdfunding success: cases from the Kickstarter and Indiegogo environments. Small Business Economics 58:4, pages 1801-1821.
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A. Niroopa Rani Annamalaisami. (2021) What differentiates angel investors in pre-seed versus seed-stage investments? Evidence from India. Journal of Indian Business Research 14:1, pages 4-22.
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Berna Beyhan & Derya Fındık. (2022) Selection of Sustainability Startups for Acceleration: How Prior Access to Financing and Team Features Influence Accelerators’ Selection Decisions. Sustainability 14:4, pages 2125.
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Cristiano L. Guarana, Regan M. Stevenson, J. Jeffrey Gish, Ji Woon Ryu & Rohan Crawley. (2022) Owls, larks, or investment sharks? The role of circadian process in early-stage investment decisions. Journal of Business Venturing 37:1, pages 106165.
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Ashley Y. Roccapriore, Zoë Imhof & Melissa S. Cardon. (2021) Badge of honor or tolerable reality? How previous firm failure and experience influences investor perceptions. Journal of Business Venturing Insights 16, pages e00252.
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Chia-Jung Tsay. (2021) Visuals Dominate Investor Decisions about Entrepreneurial Pitches. Academy of Management Discoveries 7:3, pages 343-366.
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Sergio Canavati, Dirk Libaers, Tang Wang, Soheil Hooshangi & Hessam Sarooghi. (2021) Relationship between human capital, new venture ideas, and opportunity beliefs: A meta‐analysis. Strategic Entrepreneurship Journal 15:3, pages 454-477.
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Hongtao Yang, Lei Zhang, Yenchun Jim Wu, Hangyu Shi & Shuting Xie. (2021) Influence of Entrepreneurial Orientation on Venture Capitalists' Initial Trust. Frontiers in Psychology 12.
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Linda F. Edelman, Tatiana S. Manolova, Candida G. Brush & Clifton M. Chow. (2021) Signal configurations: Exploring set-theoretic relationships in angel investing. Journal of Business Venturing 36:2, pages 106086.
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Matthew S. Wood, Rene M. Bakker & Greg Fisher. (2021) Back to the Future: A Time-Calibrated Theory of Entrepreneurial Action. Academy of Management Review 46:1, pages 147-171.
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Yan Zhou & Sangmoon Park. (2020) The Regional Determinants of the New Venture Formation in China’s Car-Sharing Economy. Sustainability 13:1, pages 74.
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Paula Cabezas, Clay Spinuzzi, Omar Sabaj & German Varas. (2020) Editing the Pitch: Patterns of Editing Strategies of Written Pitches in a Chilean Accelerator Program. IEEE Transactions on Professional Communication 63:4, pages 296-310.
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Vincenzo Butticè, Francesca Di Pietro & Francesca Tenca. (2020) Is equity crowdfunding always good? Deal structure and the attraction of venture capital investors. Journal of Corporate Finance 65, pages 101773.
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Kellilynn M. Frias, Deidre L. Popovich, Dale F. Duhan & Robert F. Lusch. (2020) Perceived Market Risk in New Ventures: A Study of Early-Phase Business Angel Investment Screening. Journal of Macromarketing 40:3, pages 339-354.
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Brett Anthony White & John Dumay. (2018) The angel investment decision: insights from Australian business angels. Accounting & Finance 60:3, pages 3133-3162.
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Torben Antretter, Charlotta Sirén, Dietmar Grichnik & Joakim Wincent. (2020) Should business angels diversify their investment portfolios to achieve higher performance? The role of knowledge access through co-investment networks. Journal of Business Venturing 35:5, pages 106043.
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Matthew S. Wood, Anna Long & Kendall Artz. (2020) Angel investor network pitch meetings: The pull and push of peer opinion. Business Horizons 63:4, pages 507-518.
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Evren Tok. (2020) The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents. Sustainability 12:2, pages 626.
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Annie Bellier & Abdoulkarim Idi Cheffou. (2021) Évolution des critères d’investissement des business angels : de la présélection des projets à l’investissement final1. Revue internationale P.M.E. 33:3-4, pages 169-197.
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Robert Hanák. (2020) Entrepreneur’s Experience as Business angels’ and Venture Capitalists’ Decision criteria. SHS Web of Conferences 83, pages 01020.
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Diane M. Sullivan & Bari Bendell. 2020. Understanding Social Media and Entrepreneurship. Understanding Social Media and Entrepreneurship 69 91 .
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Annie Bellier & Abdoulkarim Idi Cheffou. (2019) Investissements et projets entrepreneuriaux face aux stéréotypes de genre. Management & Avenir N° 108:2, pages 43-62.
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Francesca Tenca, Annalisa Croce & Elisa Ughetto. 2019. Contemporary Topics in Finance. Contemporary Topics in Finance 183 214 .
Suzanna ElMassah, Ian Michael, Reynold James & Ionica Ghimpu. (2019) An assessment of the influence of personal branding on financing entrepreneurial ventures. Heliyon 5:2, pages e01164.
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Arwiphawee Srithongrung & Juita-Elena (Wie) Yusuf. 2019. Capital Management and Budgeting in the Public Sector. Capital Management and Budgeting in the Public Sector 311 336 .
Francesca Tenca, Annalisa Croce & Elisa Ughetto. (2018) BUSINESS ANGELS RESEARCH IN ENTREPRENEURIAL FINANCE: A LITERATURE REVIEW AND A RESEARCH AGENDA. Journal of Economic Surveys 32:5, pages 1384-1413.
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Michael P. Ciuchta, Chaim Letwin, Regan Stevenson, Sean McMahon & M. Nesij Huvaj. (2017) Betting on the Coachable Entrepreneur: Signaling and Social Exchange in Entrepreneurial Pitches. Entrepreneurship Theory and Practice 42:6, pages 860-885.
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Bangqi Yin & Jianxi Luo. (2018) How Do Accelerators Select Startups? Shifting Decision Criteria Across Stages. IEEE Transactions on Engineering Management 65:4, pages 574-589.
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Benjamin J. Warnick, Charles Y. Murnieks, Jeffery S. McMullen & Wade T. Brooks. (2018) Passion for entrepreneurship or passion for the product? A conjoint analysis of angel and VC decision-making. Journal of Business Venturing 33:3, pages 315-332.
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Melissa S. CardonCheryl MittenessRichard Sudek. (2017) Motivational Cues and Angel Investing: Interactions among Enthusiasm, Preparedness, and Commitment. Entrepreneurship Theory and Practice 41:6, pages 1057-1085.
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Thomas H. Allison, Blakley C. Davis, Justin W. Webb & Jeremy C. Short. (2017) Persuasion in crowdfunding: An elaboration likelihood model of crowdfunding performance. Journal of Business Venturing 32:6, pages 707-725.
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Colin Mason, Tiago Botelho & Justyna Zygmunt. (2016) Why business angels reject investment opportunities: Is it personal?. International Small Business Journal: Researching Entrepreneurship 35:5, pages 519-534.
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Annalisa Croce, Francesca Tenca & Elisa Ughetto. (2016) How business angel groups work: Rejection criteria in investment evaluation. International Small Business Journal: Researching Entrepreneurship 35:4, pages 405-426.
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Charles Y. Murnieks, Melissa S. Cardon, Richard Sudek, T. Daniel White & Wade T. Brooks. (2016) Drawn to the fire: The role of passion, tenacity and inspirational leadership in angel investing. Journal of Business Venturing 31:4, pages 468-484.
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Colin Mason & Tiago Botelho. (2016) The role of the exit in the initial screening of investment opportunities: The case of business angel syndicate gatekeepers. International Small Business Journal: Researching Entrepreneurship 34:2, pages 157-175.
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Cécile Carpentier & Jean-Marc Suret. (2015) Angel group members' decision process and rejection criteria: A longitudinal analysis. Journal of Business Venturing 30:6, pages 808-821.
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Matthew S. Wood & Alexander McKelvie. (2015) Opportunity Evaluation as Future Focused Cognition: Identifying Conceptual Themes and Empirical Trends. International Journal of Management Reviews 17:2, pages 256-277.
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Charles Y. Murnieks, Richard Sudek & Robert Wiltbank. (2015) The Role of Personality in Angel Investing. The International Journal of Entrepreneurship and Innovation 16:1, pages 19-31.
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Niroopa Rani, Kuruva Ramesh & Thillai Rajan Annamalai. (2021) Angel Investors: Do they Clone or Contrast?. SSRN Electronic Journal.
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Andrea Belz. (2020) Terms of Endearment: Financing Terms for Deep Technology Startups on a Crowdfunding Platform. SSRN Electronic Journal.
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Colin M. Mason & Tiago Botelho. (2017) Comparing the Initial Screening of Investment Opportunities by Business Angel Group Gatekeepers and Individual Angels. SSRN Electronic Journal.
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Cécile Carpentier & Jean-Marc Suret. (2013) Entrepreneur's Experience and Angels' Decision Process: A Longitudinal Analysis. SSRN Electronic Journal.
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