Adding incrementally founders’ characteristics such as age, education level and education field, past professional experience, and patent ownership decreases the coefficient of interest in Model 1 to 3 percentage points (Table 1, Columns 2-5). This change is robust to the decrease in sample size. By contrast, in the case of the amount of funding received (conditional on receiving funding at all), including founders’ characteristics as controls do not affect the difference in the amount received by male and female-founded start-ups.