Business angels who invest in start-ups are important not only because of their input of financial capital, but even more so because of their experience and skill. Recognizing these benefits, policies that encourage business angels to invest in start-ups are very popular across countries. We use...

Entrepreneurial experience can help entrepreneurs overcome obstacles and improve firm performance. Despite the knowledge accumulated in the literature regarding the effect of entrepreneurial experience on firm performance, the nature of the relationship between the founding experience of...