# Professor Deepak Hegde's joint research on the impact of social proximity between venture capitalists and startups is referenced

1 Faculty News September 14, 2018 ![Forbes India logo](/sites/default/files/styles/246w/public/assets/images/con_045413.jpg?itok=Z4h8_4BX)>

Excerpt from [Forbes India](http://www.forbesindia.com/article/isbinsight/are-ceo-appointments-in-india-caste/religion-biased/51279/1) -- "Similarly, Deepak Hegde of New York University’s Stern School of Business and Justin Tumlinson in their 2014 study show positive performance effects for start-ups when venture capitalists and the start-ups they invest in are close in ethnicity."

[Read more](http://www.forbesindia.com/article/isbinsight/are-ceo-appointments-in-india-caste/religion-biased/51279/1)