important cue, but that this information is learned
independently of its inclusion in the business planning
documents.
We do not find support for Hypothesis 7. In
Model 15 we find that including information about
prior work experience is not related to funding outcomes.
In Model 16, we do not find support for
Hypothesis 7a, the number of prior companies an
individual worked at is not related to funding outcomes;
however, we do find support for Hypothesis
7b, the entrepreneurial prominence of those
companies predicts funding outcomes at the 10
percent level. However, the entrepreneurial prominence
variable is skewed. Statistical significance
of this result is not robust to using the natural log
of ENTREP PROMINENCE, although the sign is
unchanged and approaches the 10 percent level.
Interestingly, in Model 16, team size is no longer
a predictor of venture outcomes, suggesting that