This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill …. 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 …

the past decade. Our primary finding is that successful entrepreneurs are middle-aged, not young. The mean founder age for … successful entrepreneurs …

Financing constraints are one of the biggest concerns impacting potential entrepreneurs around the world. Given the … important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … for would-be entrepreneurs is also an important goal for policymakers worldwide. We review two major streams of research …

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …

In the standard venture capital contract, entrepreneurs have a large fraction of equity ownership in the companies they … to those whose companies go public or are acquired on favorable terms, forcing entrepreneurs to bear a substantial burden … attracting venture funding. Entrepreneurs with a coefficient of relative risk aversion of two and with less than $0.7 million …

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

Serial entrepreneurs, who open more than one business, are found to have higher sales and higher productivity than … novice entrepreneurs, who open one business. Using panel data on entrepreneurs and their firms from Denmark for 2001 … entrepreneurs that hold a portfolio of overlapping ongoing firms perform the best, as do those that open as limited liability firm …

discontinuity in Finland that allows certain entrepreneurs not to pay social insurance contributions on their income. Using rich … administrative data, we find that relaxing the social insurance mandate leads entrepreneurs to significantly reduce their …