greater impact on clean energy innovation than investing in startups that will then struggle through the "valley of death …

investor preferences. For a novel sample of technology incubator startups, we empirically examine the use of patents and … business angel investment in the startups. For this sample, venture capitalists appear to value patents more highly than FFF … money, while the reverse is true for business angels. Moreover, the impact of patents on venture capitalists is larger than …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …We provide evidence on the value of patents to startups by leveraging the random assignment of applications to … examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U …

divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the … investment opportunities. I argue that continuing to invest in dirty industries could drive green innovation conditional on …

may affect social welfare and the rate and direction of innovation …

- patent loans, venture leverage, and bridge loans - as solutions to such hurdles, casting the literature in terms of financial … innovation. Finally, the paper addresses the risks implied by venture debt and discusses whether the demise of Silicon Valley … Bank speaks to whether innovation ecosystem risk transmutes to the financial system through debt and the extent to which …