Table 7.

Results of the independent variable “Number of Investors” by using the OLS regression

Model 1Model 2
OLSRobust
No. of investorsCoef.Std. Err.Coef.Std. Err.
All male0.872910.3825620.872910.202693
All female−0.85880.368449−0.85880.192098
Both0.093020.4215210.093020.226852
Advisor0.17155**0.0513080.17155**0.031576
Brazil0.067655**0.1790140.067655**0.392463
Chile0.235612*0.1934170.235612*0.102664
Mexico0.247425**0.1234620.247425**0.076523
Video0.6155686*0.0844960.6155686*0.049104
Industry0.01587930.3410390.01587930.201195
Firm age0.2407862*0.1666310.2407862*0.091752
Linkedin0.0103997**0.0117480.0103997**0.010636
Equity offered0.4588233*0.1683050.4588233*0.119946
Finance info0.3747242*0.0535530.3747242*0.023871
Fundraising goal0.0008525**0.0002680.0008525**0.000034
_cons0.8474284**0.1242840.8474284**0.075547
R-squared 0.31  
Prob>F 0.00  

Notes:

(*) Significant at the p < 0.05, (**) Significant at the p < 0.1, Obs: 492

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