To content

New Publication in the Journal of Business Venturing

How does angel investment influence the well-being of founders?

The latest publication by Corinna Vera Hedwig Schmidt, Patrick Sven Gaßmann, Nele McElvany and Tessa Christina Flatten explores this question. In the renowned Journal of Business Venturing (FT 50), the researchers investigate how the involvement of business angels influences the general well-being of founders in the long term - explained by their basic psychological needs for autonomy, competence and social integration.

The study is based on a unique dataset of 125 million words from the tweets of 1667 founders and uses computer-aided language processing to gain insights into their psychological state. It shows: While angel funding can have a negative impact on well-being in the short term, it has positive effects in the long term - particularly through increased skills and social inclusion.

The Journal of Business Venturing is one of the world's leading journals in the field of entrepreneurship research and is part of the renowned Financial Times 50 ranking. It publishes groundbreaking studies on entrepreneurship, innovation and business creation.

To the publication