Do Algorithms Make Better — and Fairer — Investments Than Angel Investors?

by Torben Antretter, Ivo Blohm, Charlotta Sirén, Dietmar Grichnik, Malin Malmström and Joakim Wincent

November 2, 2020

Cactus Creative Studio/Stocksy

Summary.

Many large venture capital funds use artificial intelligence (AI) to support their investment decisions. Bill Maris, former managing partner at Google Ventures, once said that when you “have access to the world’s largest data sets … it would be foolish to just go out and make gut investments.”

Torben Antretter is the Co-Founder and Managing Director at RightNow. He is also a researcher for entrepreneurial finance at the University of St. Gallen in Switzerland.

Ivo Blohm is Assistant Professor for Data Science and Management at the Institute for Information Management at the University of St. Gallen.

Charlotta Sirén is an associate professor of management at the Institute of Responsible Innovation at the University of St.Gallen.

Dietmar Grichnik is Professor of Entrepreneurship and Director of the Institute of Technology Management at the University of St. Gallen.

Malin Malmström is a professor of entrepreneurship and innovation at Luleå University of Technology, and a director of the research center Sustainable Finance Lab in Sweden.

Joakim Wincent is Professor of Entrepreneurship and Management at Hanken School of Economics and University of St. Gallen at the Global Center for Entrepreneurship and Innovation.

Read more on Algorithms or related topics Entrepreneurial financing, Financial markets, Technology and analytics and Angel financing

Do Algorithms Make Better — and Fairer — Investments Than Angel Investors?

Summary.

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