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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

What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints

Blanchflower, David - 1990

The paper studies the factors which shape entrepreneurship among young adults. It finds, using data on a British birth …

Persistent link: https://www.econbiz.de/10012475785

Enabling Entrepreneurial Choice

Agrawal, Ajay K. - 2020

Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...

Persistent link: https://www.econbiz.de/10012481574

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

The Geography of Crowdfunding

Agrawal, Ajay K. - 2011

Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...

Persistent link: https://www.econbiz.de/10012461837

Failing Just Fine : Assessing Careers of Venture Capital-backed Entrepreneurs Via a Non-Wage Measure

Amornsiripanitch, Natee; Gompers, Paul A.; Hu, George; … - National Bureau of Economic Research - 2022

This paper proposes a non-pecuniary measure of career achievement, Seniority. Based on a database of over 5 million resumes, this metric exploits the variation in job titles and how long they take to attain. When non-monetary factors influence career choice, inference benefits from the use of...

Persistent link: https://www.econbiz.de/10013334397

Horatio Alger Meets the Mobility Tables

Holtz-Eakin, Douglas - 2000

The question of how entrepreneurship relates to income mobility is cogent given the current public debate about the … sources of income inequality and mobility in United States society. We examine how experience with entrepreneurship has … distribution over time, and to see how their mobility (or lack thereof) was affected by involvement with entrepreneurship. Our main …

Persistent link: https://www.econbiz.de/10012471152

Getting Schooled : The Role of Universities in Attracting Immigrant Entrepreneurs

Amornsiripanitch, Natee; Gompers, Paul A.; Hu, George; … - National Bureau of Economic Research - 2021

Immigrant founders of venture capital-backed companies have been critical to the entrepreneurial ecosystem. We document the channels through which immigrant founders find their way to the United States and how those channels have changed over time. Immigrants have been an important source of...

Persistent link: https://www.econbiz.de/10012533322

Financial Capital, Human Capital, and the Transition to Self-Employment : Evidence from Intergenerational Links

Dunn, Thomas - 1996

The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...

Persistent link: https://www.econbiz.de/10012473223

Entrepreneurial Decisions and Liquidity Constraints

Holtz-Eakin, Douglas - 1993

This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...

Persistent link: https://www.econbiz.de/10012474416