With an overall lack of gender and ethnic diversity in the innovation sector documented in Gompers and Wang (2017), we … answer this question using a unique dataset of the gender of venture capital partners' children. First, we find strong …. Second, using an instrumental variable set-up, we also show that improved gender diversity, induced by parenting more …

. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and … for entrepreneurs without a successful track record. Similarly, more experienced venture capitalists are able to identify … and invest in first time entrepreneurs who are more likely to become serial entrepreneurs. Investments by venture …