HIGHLIGHTS
- What: To conclude this paper the authors develop implications for practice and further research based on the results. Since the entrepreneurial finance landscape is becoming increasingly heterogeneous and entrepreneurs need to build relationships with different players (Block et_al, 2018; Bonini and amp; Capizzi, 2019), the authors focus on VCs and BAs, who are at the center of financing opportunities for start-ups (Hellmann et_al, 2019). The authors investigate the expressed emotions of these two investor types with the following research question: How do the expressed emotions of VCs differ from BAs? In the analysis , the authors investigate . . .

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