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A Neuroscience Approach to Entrepreneur Pitch Outcomes

Sohvi Heaton (Santa Clara University, USA)

Cognitive Aids in Strategy

ISBN: 978-1-83797-317-0, eISBN: 978-1-83797-316-3

Publication date: 30 October 2023

Abstract

Improving a startup’s ability to obtain funding is critical to the survival of the organization. Although existing studies have observed various biases in investment decisions, few have studied the neural mechanisms behind such behavioral observations. We propose to apply cutting-edge neuroscientific techniques to uncover the neural processes engaged during pitches by entrepreneurs to investors and to use this new knowledge to identify strategy artifacts promoting pitch success. We hypothesize that pitches are dynamically shaped by covert cognitive, emotional, and social processes, which are in turn influenced by tactical approach (story-telling vs dry facts), physical context (online vs in-person), and demographics (gender, ethnicity). The role of inter-brain synchrony (i.e., correlation of cortical activity between brains) – within the startup team or between the entrepreneurs and investors – in pitch outcomes remains unknown. By uncovering the covert processes that mediate pitch outcomes, we provide an evidence-based, scientific approach to improving pitch success.

Keywords

Acknowledgements

Acknowledgment

The author thanks the Institute for Humane Studies for their generous support.

Citation

Heaton, S. (2023), "A Neuroscience Approach to Entrepreneur Pitch Outcomes", Sund, K.J., Galavan, R.J. and Gustafsson, R. (Ed.) Cognitive Aids in Strategy (New Horizons in Managerial and Organizational Cognition, Vol. 6), Emerald Publishing Limited, Leeds, pp. 99-110. https://doi.org/10.1108/S2397-521020230000006007

Publisher

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Emerald Publishing Limited

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