We explore if co-ethnicity between a VC investor and an entrepreneur influences the investor’s assessment of the investment potential of the venture. To do so, we use a proprietary dataset from TechCrunch Disrupt, a startup fundraising competition. Our results do not provide evidence that...

We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies, we find that each additional IPO among a VC firm's first ten investments predicts as much as an 8% higher IPO rate on its subsequent investments, though this effect erodes with...

We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies, we find that each additional IPO among a VC firm's first ten investments predicts as much as an 8% higher IPO rate on its subsequent investments, though this effect erodes with...