Business Angels (BAs) play a crucial role in the creation and growth of entrepreneurial ventures. Little is known, however, about their funding criteria. This paper contributes to our understanding of BAs' funding decisions, by analyzing how their past investments influence the choices of their...

This study investigates the role of trademarks in the start-up valuations of venture capitalists (VCs). Our results show that the number and breadth of trademark applications have inverted U-shaped relationships with the financial valuations of start-ups by VCs. The findings also indicate that...

How does the social capital of venture capitalists (VCs) affect the funding of start-ups? Extant entrepreneurship literature conceptualizes a substitute effect between the social and financial capital that new firms attain from their investors. On the contrary, by building on the rich social...