For those that have struggled to swim in the shark tank, or have lost their way in the dragon's den, new research shows that the odds might have been stacked against you from the beginning.
Investors are more likely to put money into a business idea pitched by a man than a woman, according to a study published by researchers from Harvard, Massachusetts Institute of Technology and the Wharton School. And are even more so if that man happens to be good-looking, it said.
"We identify a profound and consistent gender gap in entrepreneurship," the researchers said in the report which was published Monday in the Proceedings of the National Academy of Sciences.
"Attractive males are particularly persuasive, whereas physical attractiveness does not matter among female entrepreneurs."
Three entrepreneurial pitch competitions in the United States were used for the study along with two controlled experiments. Even with the content of the pitch being the same, the investors still preferred pitches presented by male entrepreneurs, it said.