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Transferable Skills? Founders as Venture Capitalists

Gompers, Paul A.; Mukharlyamov, Vladimir - National Bureau of Economic Research - 2022

In this paper we explore whether or not the experience as a founder of a venture capital-backed startup influences the performance of founders who become venture capitalists (VCs). We find that nearly 7% of VCs were previously founders of a venture-backed startup. Having a successful exit and...

Persistent link: https://www.econbiz.de/10013191001

Selection into Entrepreneurship and Self-Employment

Levine, Ross - 2018

We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …

Persistent link: https://www.econbiz.de/10012481000

Demographics and Entrepreneurship

Liang, James - 2014

Entrepreneurship requires energy and creativity as well as business acumen. Some factors that contribute to … entrepreneurship may decline with age, but business skills increase with experience in high level positions. Having too many older … workers in society slows entrepreneurship. Older workers do not possess the advantages of youth, but more significant is that …

Persistent link: https://www.econbiz.de/10012458161

Bend It Like Beckham : Ethnic Identity and Integration

Bisin, Alberto - 2010

We propose a theoretical framework to study the determinants of ethnic and religious identity along two distinct motivational processes which have been proposed in the social sciences: cultural conformity and cultural distinction. Under cultural conformity, ethnic identity is reduced by...

Persistent link: https://www.econbiz.de/10012462192

Minorities and Storable Votes

Casella, Alessandra - 2005

The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desidered over a series of binary decisions. By cumulating votes on issues that it deems most...

Persistent link: https://www.econbiz.de/10012467002

Democracy Undone. Systematic Minority Advantage in Competitive Vote Markets

Casella, Alessandra - 2012

We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...

Persistent link: https://www.econbiz.de/10012460087

Getting Tired of Your Friends : The Dynamics of Venture Capital Relationships

Du, Qianqian - 2019

Does doing more deals together always strengthen investor relationships? Based on the relationships of the top 50 US venture capital firms, this paper focuses on the strengths of relationships and their dynamic evolution. Empirical estimates indicate that having a deeper relationship leads to...

Persistent link: https://www.econbiz.de/10012480218

What Does the Corporate Income Tax Tax? A Simple Model without Capital

Kotlikoff, Laurence J. - 2010

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the tax as raising the cost of capital used to produce corporate goods. But corporate goods can be and generally are made by non-corporate firms, suggesting that the corporate tax...

Persistent link: https://www.econbiz.de/10012462458

The Role of Entrepreneurial Human Capital as a Driver of Endogenous Economic Growth

Ehrlich, Isaac - 2017

Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002-2010 and find robust support for these hypotheses …

Persistent link: https://www.econbiz.de/10012453983

And the Children Shall Lead : Gender Diversity and Performance in Venture Capital

Gompers, Paul A. - 2017

With an overall lack of gender and ethnic diversity in the innovation sector documented in Gompers and Wang (2017), we ask the natural next question: Does increased diversity lead to better firm performances? In this paper, we attempt to answer this question using a unique dataset of the gender...

Persistent link: https://www.econbiz.de/10012455227