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Candida G. Brush, Linda F. Edelman and Tatiana S. Manolova

Angel investment plays a crucial role in financing growth-oriented ventures by filling the gap between informal infusions by family and friends and more formal institutional (venture capital) investment. In this chapter we are interested in women’s ability to obtain critical early-stage, angel funding. Using a ‘readiness for funding’ framework and drawing from a proprietary database of 668 firms that over a four-year period sought angel investment from the members of a prominent angel investment group located outside of Boston, MA we compare men-only top management teams to teams which are more diverse. Our findings indicate that despite being more ‘ready’ on many of our readiness indicators, diverse top management teams are not more likely to receive funding compared to their all male counterparts. This suggests that when it comes to angel financing, the effect of top management team diversity is more nuanced and intermediated. Implications are discussed.

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Tatiana S. Manolova, Candida G. Brush, Linda F. Edelman, Alicia Robb and Friederike Welter

In the introductory chapter to the book we discuss the biological roots of ecosystems and recent work on the entrepreneurship ecosystem concept with a focus on gender. This is followed by a presentation of the chapters in the book and how they collectively elucidate the gendered aspects of entrepreneurial ecosystems and their impact on women entrepreneurs’ growth strategies in different regions around the world. We conclude by summarizing the major insights from this collection of studies and by suggesting some directions for future research.

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Edited by Tatiana S. Manolova, Candida G. Brush, Linda F. Edelman, Alicia Robb and Friederike Welter

The renowned group of international contributors to this book provide analysis of where and how gender plays a role in the entrepreneurial ecosystem. 11 essays examine how ecosystems influence women entrepreneurs and how women entrepreneurs influence their local ecosystems, both cross-nationally and through in-depth country studies.
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Linda F. Edelman, Tatiana S. Manolova, Candida G. Brush and Scott Latham

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Amanda Bullough, Diana M. Hechavarr'a, Candida G. Brush and Linda F. Edelman

While women’s entrepreneurship is widely recognized as a source of economic and social development, there is a persistent storyline that women entrepreneurs do not perform as well as their male counterparts, and research examining performance and growth shows inconclusive results regarding gender differences in performance and the causes of them. This introduction chapter defines programs, policies, and practices, and explains why they matter for understanding and stimulating higher levels of growth among women’s businesses. This chapter provides an outline for the book that is organized about three key themes that emerged from the research produced by the collaborators in this book: the practice of building networks, programs and the support environment, and policies and regulations. These three themes comprise the elements of our new framework for policies, programs and practices for high-growth women’s entrepreneurship.

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Amanda Bullough, Diana M. Hechavarr'a, Candida G. Brush and Linda F. Edelman

This chapter supports the notion that an integrated and sustained approach is needed on a global scale. Stakeholder involvement and cultural change that positively influences entrepreneurial ecosystems will support the programs, policies and practices that promote diversity and inclusion. In doing so, a summary of the book is followed by practical recommendations that are based on the findings from the research conducted herein. These recommendations follow the structure of our framework used in this book for policies, programs and practices that support high-growth women’s entrepreneurship.

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High-growth Women’s Entrepreneurship

Programs, Policies and Practices

Edited by Amanda Bullough, Diana Hechavarría, Candida G. Brush and Linda F. Edelman

Women’s entrepreneurship is vital for economic and social development, yet female entrepreneurs worldwide are consistently found to have weaker sales and employment growth, fewer jobs, and lower profitability. This book was written to address this reality, and focuses on the high-growth potential of women entrepreneurs.
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Tatiana S. Manolova, Linda F. Edelman, Candida G. Brush and Beate Rotefoss