In 2019, there were over 4,700 seed-stage investments globally, along with significant recent interest in how resources are mobilized during the earliest stages of the entrepreneurial journey. Seed-stage startups work towards finalizing their product or services in addition to gathering market data. This also includes finding enough funding to develop an ... Read More

How and why can irrelevant, short-lived factors shape investment decisions? This can happen in investment decisions in nascent, seed-stage startups, where information is scarce and uncertainty is intense. Taking sunshine on the day of deal evaluation as a context, we show that in the face of intense uncertainty, sunnier days may affect investors’ mood and ... Read More