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More women in venture capital doesn’t mean more funding for female-led businesses, new research suggests

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More women in venture capital doesn’t mean more funding for female-led businesses, new research suggests


business deal
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Venture capital plays an important role in helping new businesses get off the ground. The field also has a stubborn gender gap.

More than 4 in 5 partners at U.S.-based venture capital firms are men, surveys and research show. Perhaps relatedly, VC firms overwhelmingly direct their funds to man-led businesses: In 2023, only about 1 in 4 VC funds were allocated to woman-led companies, according to Crunchbase data.

Advocates for gender equity have long called for firms to have more female senior venture capitalists on their teams. The idea is that having more women making investment decisions will translate into more funding for woman-led businesses.

As a professor of entrepreneurship, I wondered whether the facts supported this idea. So my co-authors and I analyzed funding decisions from more than 150 mid- and large-sized U.S.-based VC firms over eight years.

When women don’t support women

What we found surprised us: Firms whose decision-making groups included more female senior venture capitalists offered less funding to woman-led businesses. Every additional senior female venture capitalist in a firm’s decision-making group was linked to a 0.46% decline in the proportion of newly funded woman-led businesses in its investment portfolio.

Since the average funding round in our sample was $5.4 million, that suggests adding one extra female senior venture capitalist into a VC decision-making group translates into woman-led businesses receiving about $25,000 less funding.

To be clear, my team isn’t saying that individual female venture capitalists are to blame for this state of affairs. Our work was not aimed at assigning personal responsibility. We simply found that having more women in VC decision-making circles was associated with less funding of woman-led businesses.

On its face, this may seem like a paradox. But it’s consistent with previous research that shows male dominance is entrenched in the U.S. entrepreneurial finance market. According to our interviews with female entrepreneurs and senior venture capitalists, this fosters a culture where women tend to defer to their male counterparts.

Research also suggests that women in male-dominated spaces have incentives to distance themselves from less-powerful women to improve their status. That might help explain why female senior venture capitalists would hesitate to fund woman-led startups.

The value of trust and neutrality

My team also found, however, that two key factors can mitigate this effect.

First, when senior venture capitalists in a decision-making group had worked together previously, we didn’t see the same negative impact. That suggests trust matters.

And when a group includes politically neutral senior venture capitalists, which we judged by looking at public political donation records, it reduces the negative effects on funding for woman-led businesses. This is because politically impartial decision-makers improve and facilitate group communication and consensus building.

Our findings suggest that VC firms might want to explore innovative approaches to fighting gender bias. For example, they could invite outside female investment professionals who have connections with many incumbent senior venture capitalists to work as consultants. These professionals could then independently assess investment proposals and offer advice to VC firms’ decision-making groups.

In some cases, efforts to elevate women in the workplace may pay off. For example, an analysis of all companies listed on the S&P Composite 1500 index from 2004 to 2015 found that calls for greater gender diversity in the boardroom were linked to the inclusion of more female directors.

But as our research suggests, efforts to promote diversity aren’t always so successful, especially in those male-dominated contexts such as the U.S. entrepreneurial finance market. Indeed, they can backfire if they fail to address underlying cultural biases and power dynamics.

To be clear, our study isn’t a call to abandon the pursuit of diversity among venture capitalists. Instead, it underscores the importance of persisting until women achieve equal status in business and society at large.

Provided by
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This article is republished from The Conversation under a Creative Commons license. Read the original article.The Conversation

Citation:
More women in venture capital doesn’t mean more funding for female-led businesses, new research suggests (2024, June 26)
retrieved 26 June 2024
from https://phys.org/news/2024-06-women-venture-capital-doesnt-funding.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





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Transparent Card Slot Bag Holder Case For iPhone 14 13 11 12 15 Pro Max Mini X XR XS 7 8 Plus Clear Shockproof Soft Wallet Cover

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A leap in autonomous timekeeping with LSTM algorithm

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A leap in autonomous timekeeping with LSTM algorithm


Next-gen satellites: a leap in autonomous timekeeping with LSTM algorithm
Clock error forecast flow chart. Credit: Satellite Navigation (2024). DOI: 10.1186/s43020-024-00137-6

Accurate time-keeping is essential for satellite navigation, as even minor time deviations can result in significant positioning errors. Traditional systems rely heavily on ground-based atomic clocks, which pose risks of service interruptions. Due to these challenges, advanced research is necessary to develop more reliable and autonomous satellite time-keeping systems.

Researchers from the University of Chinese Academy of Sciences and the Innovation Academy for Microsatellites have published a study in Satellite Navigation presenting a novel, two-level timing system using a sparse sampling Long Short-Term Memory (LSTM) algorithm to enhance the precision and stability of satellite navigation time-keeping.

The study proposes a two-level satellite timing system to improve the high-precision autonomous timing capability of navigation satellites. The first level uses multiple atomic clocks on each satellite to form a stable time scale, while the second level integrates these individual time scales into a constellation-level time scale using inter-satellite links (ISLs).

A key innovation is the use of a sparse sampling LSTM algorithm, which significantly enhances the accuracy of long-term clock error predictions. Simulation results show that the frequency stability of the spaceborne time scale improves markedly with this approach.

For instance, at a sampling time of 300 seconds, the frequency stability reaches 1.35 × 10-15, and the 10-day prediction error is reduced to 3.16 × 10-10 seconds. This represents a substantial improvement over existing prediction models.

Dr. Wenbin Gong, the lead researcher, stated, “Our two-level timing system and the application of the sparse sampling LSTM algorithm represent significant advancements in satellite time-keeping. These innovations not only enhance the precision of satellite navigation but also improve the robustness and reliability of space-based time scales.”

The advancements presented in this study have far-reaching implications for the future of satellite navigation and related technologies. Enhanced time-keeping accuracy will lead to improved positioning services, benefiting various applications such as autonomous vehicles, global communication systems, and scientific research.

Moreover, the methodology and findings of this research can be applied to other areas requiring precise time synchronization and prediction, further broadening its impact.

More information:
Shitao Yang et al, Long-term autonomous time-keeping of navigation constellations based on sparse sampling LSTM algorithm, Satellite Navigation (2024). DOI: 10.1186/s43020-024-00137-6

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Citation:
Next-gen satellites: A leap in autonomous timekeeping with LSTM algorithm (2024, June 4)
retrieved 26 June 2024
from https://techxplore.com/news/2024-06-gen-satellites-autonomous-timekeeping-lstm.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





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Sharing false political information on social media may be associated with positive schizotypy, research suggests

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Sharing false political information on social media may be associated with positive schizotypy, research suggests


Sharing false political information on social media may be associated with positive schizotypy
Misinformation on social media. Credit: Tom Buchanan, CC-BY 4.0 (creativecommons.org/licenses/by/4.0/)

Sharing false political information on social media by users may be associated with aspects of personality such as positive schizotypy, a set of traits including paranoia, suspicion and disrupted thinking patterns. It may also be linked to a motivation to increase awareness according to a study published June 26, 2024 in the open-access journal PLOS ONE by Tom Buchanan, University of Westminster, UK, and colleagues.

The spread of false political information on social media can tarnish trust in authentic news and even contribute to social unrest. Knowingly or not, a small portion of social media users actively share false material.

Buchanan and colleagues asked what differentiates those who share false material on social media from those who do not and why they do it. To do this, they tested two categories of factors: individual user differences (like personality) as well as user motivation.

The researchers conducted four individual studies on a total of 1,916 US residents. Participants did not overlap between studies.

  • Study 1 used a cross-sectional online survey to explore the relationship between individual differences (e.g., positive schizotypy, conscientiousness and decision-making style) and users’ self-reported tendency to share false information.
  • Study 2 expanded on Study 1 by surveying respondents’ motivations for sharing false information (e.g., activism, manipulation, and entertainment).
  • In Study 3, participants (whose individual differences and motivations were surveyed) viewed a series of true and false political headlines, and were asked to indicate whether they would consider sharing each and whether each was truthful.
  • In Study 4, the researchers assessed real Tweets posted by participants to determine if the factors identified in Study 1, 2 and 3 are associated with actual sharing of false material on Twitter.

Across all studies, the researchers found evidence that positive schizotypy is related to sharing false information, both accidentally and deliberately, though they note that the effect sizes are small. This might be because positive schizotypy is associated with decision-making based more on intuition—and sometimes biases—rather than reflective/deliberate thought, though the researchers suspect the mechanism may be complex. As for motivations, participants most commonly reported sharing political information for reasons of “raising awareness.”

The researchers noted limitations of their studies: small sample sizes in some cases limited the exploratory analysis that could be performed, and participants may not always have known whether or not the information they shared was false.

A better understanding of who shares false information and why may help in identifying and developing targeted strategies to combat the spread of misinformation, the researchers say. They also suggest further research is needed to understand the links between positive schizotypy and spread of misinformation.

The authors add, “We’ve all seen false political information on social media, but only a few of us choose to share it. This study showed that our specific motivations for sharing, as well as our individual psychological characteristics, are associated with sharing false material both accidentally and on purpose.”

More information:
Individual differences in sharing false political information on social media: Deliberate and accidental sharing, motivations and positive schizotypy, PLoS ONE (2024). DOI: 10.1371/journal.pone.0304855

Citation:
Sharing false political information on social media may be associated with positive schizotypy, research suggests (2024, June 26)
retrieved 26 June 2024
from https://phys.org/news/2024-06-false-political-social-media-positive.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





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Math makes finding bat roosts much easier, our research shows

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Math makes finding bat roosts much easier, our research shows


bat
Credit: CC0 Public Domain

Finding bats is hard. They are small, fast and they primarily fly at night.

But our new research could improve the way conservationists find bat roosts. We’ve developed a new algorithm that significantly reduces the area that needs to be searched, which could save time and cut labor cost.

Of course, you may wonder why we would want to find bats in the first place. But these flying mammals are natural pest controllers and pollinators, and they help disperse seeds. So they are extremely useful in contributing to the health of our environment.

Despite their importance though, bat habitats are threatened by human activities such as increased lighting, noise and land use. To ensure that we can study and enhance the health of our bat population, we need to locate their roosts. But finding bat roosts is a bit like finding a needle in a haystack.

Our previous work measured and modeled the motion of greater horseshoe bats in flight. Having such a model means we can predict where bats will be, depending on their roost position. But the position of the roost is something we often don’t know.

Our new research combines our previous mathematical model of bat motion with data gathered from acoustic recorders known as “bat detectors.” These bat detectors are placed around the environment and left there for several nights.

Seeing with sound

Bats use echolocation, which allows them to “see with sound” when they’re flying. If these ultrasonic calls are made within ten to 15 meters of a bat detector, the device is triggered to make a recording, providing an accurate record of where and when a bat was present.

The sound recordings also provide clues about the identity of the species. Greater horseshoe bats make a very distinctive “warbling” call at almost exactly 82kHz in frequency, so we can easily tell whether the species is present or not.

Assuming that a bat detector’s batteries last for a few nights, its memory card is not full, and the units are not stolen or vandalized, then we can use the bat call data to generate a map that shows the proportion of bat calls at each detector location.

Our model can also be used to predict the proportion of bat calls based on a given roost location. So, we split the environment up into a grid and simulate bats flying from each grid square. The grid square, or squares, whose simulations best reproduce the bat detector data will then be the most likely locations of the roost.

This simple algorithm can then be applied to whole terrains, meaning that we can create a map of likely roost locations. Cutting out the regions that are least likely to contain the roost can mean we shrink the search space to less than 1% of the initially surveyed area. Simplifying the process of finding bat roosts allows more of an ecologist’s time to be spent on conservation projects, rather than laborious searching.

In 2022, we developed an app that uses publicly available data to predict bat flight lines. At the moment the app can help ecologists, developers or local authority planners, know how the environment is used by bats. However, it needs a roost location to be specified first, and this information is not always known. Our new research removes this barrier, making the app easier to use.

Our work offers a way of identifying likely roost locations. These estimates can then be verified either by directly observing particular features, or by capturing bats at a nearby location and following them back home, using radiotracking.

Over the past two decades, bat detectors have gone from simple hand-held machines to high-performance devices that can collect data for days at a time. Yet they are usually deployed only to identify bat species. We have shown they can be used to identify the areas most likely to contain bat roosts, uncovering critical information about these most secretive of animals.

We hope that this will provide further tools for ecologists to optimize the initial microphone detector locations, thereby providing a holistic way of detecting bat roosts.

More information:
Lucy Henley et al, A simple and fast method for estimating bat roost locations, Royal Society Open Science (2024). DOI: 10.1098/rsos.231999

Provided by
The Conversation


This article is republished from The Conversation under a Creative Commons license. Read the original article.The Conversation

Citation:
Math makes finding bat roosts much easier, our research shows (2024, June 26)
retrieved 26 June 2024
from https://phys.org/news/2024-06-math-roosts-easier.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





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