Akcigit, Ufuk; Dinlersoz, Emin Murat; Greenwood, Jeremy; … - 2019
Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have … higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup's likelihood of … with more experienced venture capitalists. An endogenous growth model, where venture capitalists provide both expertise and …