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Proc Natl Acad Sci U S A. 2014 Mar 25;111(12):4427-31. doi: 10.1073/pnas.1321202111. Epub 2014 Mar 10.

Investors prefer entrepreneurial ventures pitched by attractive men.

Author information

1
Harvard Business School, Harvard University, Boston, MA 02163.

Abstract

Entrepreneurship is a central path to job creation, economic growth, and prosperity. In the earliest stages of start-up business creation, the matching of entrepreneurial ventures to investors is critically important. The entrepreneur's business proposition and previous experience are regarded as the main criteria for investment decisions. Our research, however, documents other critical criteria that investors use to make these decisions: the gender and physical attractiveness of the entrepreneurs themselves. Across a field setting (three entrepreneurial pitch competitions in the United States) and two experiments, we identify a profound and consistent gender gap in entrepreneur persuasiveness. Investors prefer pitches presented by male entrepreneurs compared with pitches made by female entrepreneurs, even when the content of the pitch is the same. This effect is moderated by male physical attractiveness: attractive males were particularly persuasive, whereas physical attractiveness did not matter among female entrepreneurs.

KEYWORDS:

persuasion; physical appearance

PMID:
24616491
PMCID:
PMC3970475
DOI:
10.1073/pnas.1321202111
[Indexed for MEDLINE]
Free PMC Article

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