Hwang, Min; Quigley, John; Woodward, Susan - In: Contributions to Economic Analysis & Policy 4 (2005) 1, pp. 1180-1180
In this paper we build an index of value for venture capital. Our approach overcomes the problems of intermittent, infrequent pricing of private company deals by using a repeat valuation model to build the index, and it corrects for selection bias in the reporting of values. We use a unique data...