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Fields Changed

Registration

Field Before After
Trial Status in_development completed
Trial End Date November 21, 2018 April 17, 2019
Last Published November 02, 2018 04:05 AM August 04, 2019 09:06 PM
Study Withdrawn No
Intervention Completion Date November 16, 2018
Data Collection Complete Yes
Final Sample Size: Number of Clusters (Unit of Randomization) 28433 investors with working emails
Was attrition correlated with treatment status? No
Final Sample Size: Total Number of Observations 79676 emails sent to working emails
Final Sample Size (or Number of Clusters) by Treatment Arms 39823 emails sent with female founders, 39853 emails sent with male founders, 39735 emails sent with white founders, 39941 emails sent with Asian founders
Is there a restricted access data set available on request? No
Program Files No
Data Collection Completion Date December 20, 2018
Is data available for public use? No
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Papers

Field Before After
Paper Abstract We study gender and race in high-impact entrepreneurship using a tightly controlled randomized field experiment. We sent out 80,000 pitch emails introducing promising but fictitious start-ups to 28,000 venture capitalists and angels. Each email was sent by a fictitious entrepreneur with a randomly selected gender (male or female) and race (Asian or White). Female entrepreneurs received a 9\% higher rate of interested replies than male entrepreneurs pitching identical projects and Asian entrepreneurs received a 6\% higher rate than their White counterparts. We find no indication that investors show bias against Asians or females when evaluating unsolicited pitch emails. Our results suggest that investors do not discriminate against female or Asian entrepreneurs when initially evaluating unsolicited pitches.
Paper Citation Gornall, Will and Strebulaev, Ilya A., Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels. Available at SSRN: https://ssrn.com/abstract= or http://dx.doi.org/10.2139/ssrn.3301982
Paper URL https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3301982
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