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We examine the relation between a measure of managers’ physical display—body expansiveness—and favorable reporting practices (in firm forecasts and valuation information) and performance (survival and financing success). We videotaped a sample of 154 entrepreneurs pitching their business idea and obtain 2D skeletal information about speakers’ physical joints. We show that physical expansiveness correlate with higher forecast errors and proposed firm valuations, lower rates of survival, yet higher likelihood of funding success. We argue that investors do not correctly incorporate the informational value of nonverbal communication, and propose a behavioral argumentation. In the cross section, results dissipate for older and VC-backed companies (governance). We further corroborate the proposed mechanism by studying entrepreneurs’ personal characteristics. Altogether, we shed light on an overlooked information set—nonverbal behavior—and relate it to firm forecasting, valuation, survival and financing success; important factors in the assessment of investment opportunities, deal structure, and ex-post monitoring.