Startup team ethnic diversity and investment capital raised

Sean Wise, Sepideh Yeganegi and André O. Laplume

Journal of Business Venturing Insights, 2022, vol. 17, issue C

Abstract: Extant literature suggests that ethnically diverse work teams can generate both positive and negative outcomes, but it is unclear how startup teams are affected. We seek to help clarify the relationship between startup team ethnic diversity and total investment capital. Using statistical analyses on a dataset of startups that participated in Techstars accelerator programs between 2007 and 2018, our results suggest that startup team ethnic diversity is positively associated with the aggregate amount of investment capital raised by startups. Our study results suggest that ‘diversity as advantage’ theories may be more appropriate for theorizing about startup fundraising than ‘diversity as disadvantage’ theories.

Keywords: Ethnic diversity; Diversity as advantage; Startup fund-raising; Entrepreneurial team (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2352673422000129
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:17:y:2022:i:c:s2352673422000129

DOI: 10.1016/j.jbvi.2022.e00314

Access Statistics for this article

Journal of Business Venturing Insights is currently edited by Dimo Dimov

More articles in Journal of Business Venturing Insights from Elsevier
Bibliographic data for series maintained by Catherine Liu ().