€™ past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both … of failure into luck and skill. Our results indicate that investors discount entrepreneurs who have experienced failure … entrepreneurial failure is prevalent, we find that investors are sensitive to its core drivers: luck and skill. …

failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both … of failure into luck and skill. Our results indicate that investors discount entrepreneurs who have experienced failure … entrepreneurial failure is prevalent, we find that investors are sensitive to its core drivers: luck and skill. …

failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both … of failure into luck and skill. Our results indicate that investors discount entrepreneurs who have experienced failure … entrepreneurial failure is prevalent, we find that investors are sensitive to its core drivers: luck and skill …

failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both … of failure into luck and skill. Our results indicate that investors discount entrepreneurs who have experienced failure … entrepreneurial failure is prevalent, we find that investors are sensitive to its core drivers: luck and skill …

more profitable than reward-based crowdfunding when an entrepreneur is overconfident. This is because the entrepreneur …This article is the first one that considers a model of the choice between the different types of crowdfunding, which … provides several implications, most of which have not yet been tested. Our model predicts that equity-based crowdfunding is …

more profitable than reward-based crowdfunding when an entrepreneur is overconfident. This is because either the …This article is the first one that considers a model of the choice between the different types of crowdfunding, which … provides several implications, most of which have not yet been tested. Our model predicts that equity-based crowdfunding is …

few investors make decisions that are impacted by incentive, agency and coordination problems, often before a new idea … even has a chance to compete in a market. We contend that costs and constraints on the ability to experiment alter the type …

Venture capitalists find, fund, and assist high-impact entrepreneurs - individuals whose firms are instruments of … uncertain prospects. Venture capitalists provide these high-potential ventures with capital, advice, contacts, and experience …. Through these activities, venture capitalists help bring unproven, innovative ideas to market, overcoming the uncertainty and …

dissatisfied, he terminates the relation with the entrepreneur. For assessing the quality of their own investments, investors … trusting strategy is for a collective of investors and whether it is rational for an individual investor to deviate from this … decreases based on whether an investor is satisfied with the interest payments received from an entrepreneur. If an investor is …