This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill … further support for the role of skill in both entrepreneurship and venture capital …

an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …

This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or … differentiated allocation of founder equity. We test the predictions of the theory on a proprietary dataset comprised of 1 … of equal splitting. We identify three founder characteristics -idea generation, prior entrepreneurial experience and …

important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …

aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …

. Such frictions can help explain part of the gender gap in entrepreneurship, and also have implications for how to design …

further unpack the frictions to online investment, and show that social networks constitute a key barrier to additional …

investment, debt usage, and firm value. During the 1930-1938 Depression era, when the corporate sector was shocked by an …

We study the investment analyses of 67 portfolio investments by 11 venture capital (VC) firms. VCs consider the … attractiveness and risks of the business, management, and deal terms as well as expected post-investment monitoring. We then consider …