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This paper uses administrative data from 87 new venture competitions in 17 U.S. states to show that winning has large, positive effects on measures of subsequent venture success, including employment and financing. While cash prizes are valuable, especially for founders who are likely...
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We find that common ownership leads VCs to stifle competition among startups, but only in limited circumstances. Our … likely to advance its own project and obtain VC funding, which reduces competition between the startups. These …
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We study the level of market competition as a determinant for the propensity of cooperation between startups entering … high or low competition levels than in markets with moderate competition levels. Importantly, we further show that startups …' innovativeness has a contingent effect — it encourages cooperation at low-to-moderate levels of competition, but encourages …
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1 Introduction -- 2 Financial structure and strategic competition -- 3 Credit financing and strategic competition -- 4 … Venture capital financing and strategic competition -- 5 Conclusion -- References -- Figures -- Tables -- List of symbols. …
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