"Do networks plentiful in ideas provide early stage startups with performance advantages? On the one hand, network positions that provide access to a multitude of ideas are thought to increase team performance. On the other hand, research on network formation argues that such positional advantages should be fleeting as entrepreneurs strategically compete over the most valuable network positions.

Beyond providing causal evidence for the durability of network based performance advantages, these findings provide micro-level support to the importance of knowledge spillovers within bootcamps, accelerators, and startup ecosystems more generally."

"Donors are engaging directly with the private sector, as partners in development. This represents a major shift in mode of operation, relative to the more traditional, bilateral model. One particular area of interest is how business form, governance and ownership influence social outcomes, a theme that has not received much attention until now. This Briefing Note explores why form, governance and ownership matter, and reviews the evidence that they can influence outcomes for the poor. It is intended to support donors in enhancing the impact of future programming choices, when engaging with business. It is based on research and practical examples from both developed and developing countries, and is a joint initiative of Oxfam and DCED."

"The digital context of equity crowdfunding broadens and diversifies the pool of potential investors and is thus touted as a means to democratize access to capital for non-traditional innovators. It is unclear whether such democratization also applies to user entrepreneurs. User innovators are consumers who create products with the goal of serving their own unmet needs; if they subsequently pursue entrepreneurship as a means to commercialize their innovations they become user entrepreneurs. Importantly, user innovators are significant contributors to consumer product innovation. In contrast, traditional entrepreneurs, also called producer entrepreneurs, create products with the goal of profiting from them. We examine whether investors in equity crowdfunding respond differently to user entrepreneurs relative to traditional producer entrepreneurs, and explore heterogeneity in investor responses. Through a randomized field experiment, we find that less experienced investors are more receptive to user innovators than investors with more experience. Experienced investors are significantly less interested in ventures by user innovators, relative to those by producer innovators, likely due to experienced investors' concern about the ability of user entrepreneurs to commercialize their ideas. Consequently, the democratization of access to capital for user entrepreneurs comes from less experienced investors who are often inaccessible in traditional investment settings."

"Does growth training help entrepreneurs to scale-up new ventures? Our field experiment answering this question uses a sample of 181 startup founders from the population of Singapore-based entrepreneurs in 2017. The treatment consisted of classroom sessions conducted in workshop and lecture formats that provided content in growth-catalyst tools comprising of effective business model design, building effective venture management teams and leveraging personal networks, that help in entrepreneurial resource mobilization. Also, participants received individualized business coaching addressing their venture's issues and challenges in these domains. Our results show that entrepreneurs that received training in the three growth-catalyst tools achieved higher sales and employee growth for their ventures. In addition, entrepreneurs with higher educational attainment, higher prior work experience and higher growth goals benefited much more from the training intervention."

"We consider the role that gender-stereotyped behaviors play in investors' evaluations of men- and women-owned ventures. Contrary to research suggesting that investors exhibit bias against women, we find that being a woman entrepreneur does not diminish interest by investors. Rather, our findings reveal that investors are biased against the display of feminine-stereotyped behaviors by entrepreneurs, men and women alike. Our study finds that investor decisions are driven in part by observations of gender-stereotyped behaviors and the implicit associations with the entrepreneur's business competency, rather than the entrepreneur's sex."

"Through our analyzes of over 30 models of smallholder service delivery, in 16 different counties, we have been able to identify best practices and key drivers for farmer resilience and business sustainability. Here, in this report we share with you our findings. Read on to better understand the key leverage points for creating systemic improvements in delivery systems. The data we’ve gathered, and patterns observed should enable farmers, service providers and investors to make smarter decisions for sustainable growth. Couple this with innovative blended finance, to de-risk investments, and we will be able to unlock billions of dollars in smallholder agriculture to take these models to scale."

"Presenting rigorous and original research, this volume offers key insights into the historical, cultural, social, economic and political forces at play in the creation of world-class ICT innovations in Kenya. Following the arrival of fiber-optic cables in 2009, Digital Kenya examines why the initial entrepreneurial spirit and digital revolution has begun to falter despite support from motivated entrepreneurs, international investors, policy experts and others. Written by engaged scholars and professionals in the field, the book offers 15 eye-opening chapters and 14 one-on-one conversations with entrepreneurs and investors to ask why establishing ICT start-ups on a continental and global scale remains a challenge on the "Silicon Savannah". The authors present evidence-based recommendations to help Kenya to continue producing globally impactful ICT innovations that improve the lives of those still waiting on the side-lines, and to inspire other nations to do the same."

"The African Agricultural Capital Fund, managed by Pearl Capital Partners, primarily invests in small- and medium-sized agricultural enterprises to improve the livelihoods of smallholder farmers in East Africa.

This case study gives an overview of the fund, describes its capital structure, its primary impact governance mechanisms, and the stakeholders’ key risk mitigation strategies. To provide additional insight into the motivations and decisions that shaped the impact investment, interviews with representatives of the four investors and the fund manager are included."

"This primer is for philanthropists and social investors who want to learn more about the role of philanthropic capital in strengthening and growing enterprises. It serves as a "how-to" guide to social enterprise philanthropy by providing an overview of this sector and information about how philanthropists can most effectively work within it to achieve high social impact."

"This Issue Brief is presented as an introductory guide to help investors and advisors construct portfolios that integrate impact appropriately across asset classes. We refer to this as Total Portfolio Management. This guide builds upon and summarizes the excellent work introduced by various thought leaders and investment experts whose efforts are driving the field of impact investment forward."