Search

We characterize the gap in venture-capital funding for Black entrepreneurs. Combining face-detection algorithms with extensive manual review, we classify the race of more than 150,000 U.S.-based founders and investors since 2000. Only 3.5\% of founders seeking VC funding are Black, and those who raise VC funding obtain substantially less than others. We attribute some of this gap to Black founders having fewer traditionally observable markers, such as past startup experience, patents, or networks. However, Black founders with these markers are just as likely to be receive funding. Interestingly, while Black partners at VC firms rely less on these traditional markers, they are more likely than their fellow partners to invest in Black founders, and these startups tend to have more successful outcomes when backed by Black partners compared to other VCs, even within the same firm. Our results suggest that Black partners are better able to select Black entrepreneurs who will succeed, due in part to lower information asymmetries given their overlapping prior professional experience. [ABSTRACT FROM AUTHOR]

Venture scaling has drawn much interest in recent years among academics and practitioners alike. When startups pursue rapid extremal growth (i.e., new sales), they typically address the ensuing managerial challenges by hiring new employees beyond the founding team. This implies that human capital is a fundamental piece of the venture scaling process. As such, a growing body of work has started to apply a variety of theoretical lenses and research methods to advance our understanding of venture scaling and its connection to talent. The purpose of this professional development workshop is to draw attention to these latest scholarly developments and to enhance engagement across disciplinary and methodological boundaries, with the goal of promoting our comprehensive understanding of venture scaling. To this aim, we have gathered various prominent scholars with expertise and cutting-edge research in venture scaling. These panelists will, first, frame our session by sharing their own perspective on venture scaling and human capital. Then, a subsequent panel discussion and audience Q&A will synthesize these presentations and push our collective thinking forward to inspire future research and directions on venture scaling. Overall, this workshop will offer a structured opportunity to stimulate new research ideas and methods on venture scaling and to network with scholars that share an interest in this strategically important yet under-explored domain. [ABSTRACT FROM AUTHOR]

In this symposium, we will examine a wide array of questions and hypotheses that focus on the people who conduct science -- as a complement to more established research traditions that focus on the publications and patents that people produce. Talks will cover topics that relate to a variety of career stages and background characteristics such as: What are the characteristics of scientists who are also inventors? How is Artificial Intelligence being integrated into crowd science projects? How does media coverage about research variably impact the authors of the research? Talks will also feature innovative data resources including one presentation that is able to examine the ways in which External Letters variably influence academic careers with respect to tenure and promotion decisions (particularly in relation to faculty who seek and gain one or more patents). From Lab to Limelight: Media's Role in Boosting Scientific Impact Author: Saqib Mumtaz; Haas School of Business, UC Berkeley Author: Abhishek Nagaraj; UC Berkeley & NBER Undervaluing Innovation and Entrepreneurship for Promotion and Tenure Decisions Author: Ally St. Aubin; I/O psychology, U. of Houston Author: Ebenezer Edema-Sillo; I/O psychology, U. of Houston Author: Juan M. Madera; U. of Houston Author: Theodore Charles Masters-Waage; Singapore Management U. Author: Peggy Lindner; U. of Houston Author: Erika Henderson; U. of Houston Author: Wenyi (Helen) Gu; U. of Houston Author: Rich Carter; Oregon State U. Author: Christiane Spitzmueller; U. of Houston Champions of Technology Transfer as Institutional Entrepreneurs: Evidence from University and Federal Lab Scientists Author: Haneul Choi; U. of Bristol Author: Donald Siegel; Arizona State U. The Adoption of Artificial Intelligence in Research: Evidence from Crowd Science Projects Author: Maximilian Koehler; ESMT Berlin Author: Henry Sauermann; ESMT European School of Management and Technology An open-access dataset of Scientist-Inventors Author: Emma Scharfmann; UC Berkeley Author: Matt Marx; Cornell U. Author: Lee Fleming; U. of California, Berkeley The Nature of Science Teams: UMETRICS as a Growing Data Resource Author: Kevin M. Kniffin; Cornell SC Johnson College of Business Author: Monica Marion; Indiana U. Author: Andrew Hanks; Ohio State U. Author: Stasa Milojevic; Indiana U. Author: Bruce Weinberg; Ohio State U. [ABSTRACT FROM AUTHOR]