We explain the coexistence of different financiers like Venture Capital (VC) and Angel investors and study the role of policymakers in promoting innovation. VC investors are better informed. However, Angel investors offer entrepreneurs a better avenue to capture entrepreneurs' motivational...

Holders of a STEM doctoral degree are increasingly pursuing non-academic careers for a variety of reasons. There has been special interest in one such path, founding new ventures, because of its potentially disproportionate impact on societal and economic outcomes. We explore the conditions...