Bengtsson, Ola; Hsu, David H. - Knut Wicksells centrum för finansvetenskap, … - 2013
We document that ethnicity is a major determinant of how founders of U.S. startup companies match with partners of U.S. VC firms. A shared ethnicity increases the likelihood that a VC firm invests in a startup, strengthens the degree of the VC firm’s involvement, increases the size and scope...