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Data Analysis, Communication, and Control

Welsch, Roy E. - 1974

The role of data analysis in communication, persuasion, and decision-making is discussed. Some problems with current … data-analysis practice are presented, including communication, complex models, large data bases, one-pass processing, rigid …

Persistent link: https://www.econbiz.de/10012479059

Caught In The Middle : The Bias Against Startup Innovation With Technical And Commercial Challenges

Arora, Ashish; Fosfuri, Andrea; Rønde, Thomas - National Bureau of Economic Research - 2022

Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep...

Persistent link: https://www.econbiz.de/10012814429

Synergizing Ventures

Akcigit, Ufuk - 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 reaching the right tails of the firm size and...

Persistent link: https://www.econbiz.de/10012480140

Kill Zone

Kamepalli, Sai Krishna - 2020

We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and entry in an industry (like that of digital platforms) where customers face switching costs and enjoy network externalities. The prospect of an acquisition by the incumbent platform...

Persistent link: https://www.econbiz.de/10012481729

The Burden of the Nondiversifiable Risk of Entrepreneurship

Hall, Robert E. - 2008

In the standard venture capital contract, entrepreneurs have a large fraction of equity ownership in the companies they found and are paid a sub-market salary by the investors who provide the money to develop the idea. The big rewards come only to those whose companies go public or are acquired...

Persistent link: https://www.econbiz.de/10012464428

Wall Street and Silicon Valley : A Delicate Interaction

Angeletos, George-Marios - 2007

Financial markets look at data on aggregate investment for clues about underlying profitability. At the same time, firms' investment depends on expected equity prices. This generates a two-way feedback between financial market prices and investment. In this paper we study the positive and...

Persistent link: https://www.econbiz.de/10012465173

On the Return to Venture Capital

Jovanovic, Boyan - 2007

We provide a model that links the high return to venture equity to the impatience of the VCs. VCs are scarce, and hence, they have market power and a high return on their investments. As a result, VCs are eager to terminate non-performing ventures so they can move on to new ones. The scarcity of...

Persistent link: https://www.econbiz.de/10012465782

Venture Capital Contracting and Syndication : An Experiment in Computational Corporate Finance

Fluck, Zsuzsanna - 2005

This paper develops a model to study how entrepreneurs and venture-capital investors deal with moral hazard, effort provision, asymmetric information and hold-up problems. We explore several financing scenarios, including first-best, monopolistic, syndicated and fully competitive financing. We...

Persistent link: https://www.econbiz.de/10012467053

Venture Capitalists As Principals : Contracting, Screening, and Monitoring

Kaplan, Steven N. - 2001

. Theory has identified three primary ways that the investor / principal can mitigate these conflicts - structuring financial … work and its relation to theory for one prominent class of principals venture capitalists (VCs). The empirical studies … indicate that VCs attempt to mitigate principal-agent conflicts in the three ways suggested by theory. The evidence also shows …

Persistent link: https://www.econbiz.de/10012470522

The Risk and Return of Venture Capital

Cochrane, John H. - 2001

This paper measures the mean, standard deviation, alpha and beta of venture capital investments, using a maximum likelihood estimate that corrects for selection bias. Since firms go public when they have achieved a good return, estimates that do not correct for selection bias are optimistic. The...

Persistent link: https://www.econbiz.de/10012470663

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