01178nas a2200157   4500008004100000245006300041210006200104260000900166300001300175490000700188520067700195653001200872100002400884700001800908856009400926       2015                        eng d00aNew venture legitimacy: the conditions for angel investors0 aNew venture legitimacy the conditions for angel investors  c2015  a735-749.0 v453 aFavorable legitimacy judgments by potential resource providers are critical for the survival and growth of new ventures. We examine which aspects of a venture’s activities, structures, and outcomes, as conveyed by its narrative, are associated with legitimacy judgments by potential angel investors in a sample of 176 new venture proposals. We find that entrepreneurial ventures with quality top management teams, advisors, and developed products are viewed more favorably by angel investors and likely have better access to these investors. This research provides new insights into the establishment of legitimacy within the economically important angel capital market.10aFinance1 aBecker-Blease, John1 aSohl, Jeffrey  u/biblio/new-venture-legitimacy-conditions-angel-investors