This article examines enterprises funded by government-sponsored venture capitalists (GVCs). We find that enterprises funded by both GVCs and private venture capitalists (PVCs) obtain more investment than enterprises funded purely by PVCs, and much more than those funded purely by GVCs. Also,...

Injecting more public money into the venture capital industry will not on its own ensure success, say University of British Columbia’s James Brander and Thomas Hellmann, and IRPP’s Tyler Meredith. The authors argue that, as the federal government allocates $400 million in new support for...

This paper investigates the relative performance of enterprises backed by government-sponsored venture capitalists and private venture capitalists. While previous studies focus mainly on investor returns, this paper focuses on a broader set of public policy objectives, including value-creation,...