Abstract
Entrepreneurs are known to be different from managers. They are more susceptible to biases and heuristics in decision-making, but when they are part of a dyad with asymmetry of errors costs, both parties may be affected by gender-driven biases. Drawing upon error management theory, we propose that gender-driven biases are originated from their roles in dyads (entrepreneur and venture capitalist (E-VC), which are similar to the gender roles in couples. We propose a mechanism for enhancing decision-making accuracy in E-VC dyads by utilizing multi- level decision-making theory. The presence of shared mental models in E-VC dyads is proposed as the solution to mitigate the negative effect of gender-driven biases – overperception and commitment-skepticism biases. The paper is focused on E-VC dyads engaged in resource seeking and funding new ventures.