For instance, they often make their decisions based on speech patterns and non-verbal gestures during the pitch, lowering the willingness of investors to fund female entrepreneurs seeking capital (Balachandra et al., Furthermore, Brooks et al. ( Finally, there seems to be some degree of homophily: male investors express less interest in female entrepreneurs compared to observably similar male entrepreneurs. In contrast, female investors express more interest in female entrepreneurs (Ewens, forthcomings). The main limitations of commonly used datasets are: 1) that they do not contain information on firms seeking but not receiving VC and 2) that they do not include details on the companies and their founders.