1 Does Investor Gender Matter for the Success of Female Entrepreneurs? The Signaling Effect of Gender Homophily in Entrepreneurial Finance KAISA SNELLMAN INSEAD Boulevard de Constance Fontainebleau 77300 France ISABELLE SOLAL INSEAD Boulevard de Constance Fontainebleau 77300 France January 2020 DRAFT: Please do not circulate without the authors’ permission The authors thank Gavin Cassar, John-Paul Ferguson, Martin Gargiulo, Steven Mezias, Phanish Puranam, and Chris Rider for helpful comments and suggestions. The INSEAD Alumni Fund (IAF) provided support for this project. Data was graciously provided by Crunchbase under the terms of an academic licence.