We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies … preferential access raises the quality of subsequent investments, perpetuating performance differences in initial investments …

VC firm experience only relates positively to performance when outstanding (e.g. 3rd generation fund or above). However …

stronger among males than females. Further, we examine the causal impact of homophily on team performance. Homophily in … ethnicity increases team performance by lifting teams in bottom quantiles to median performance quantiles, but it does not …

We assess whether a VC’s intrinsic commitment to a startup affects investment performance. We proxy for climate change … change in commitment by non-democrat investors. Following these disasters, the performance of non-democrats’ investments in …

productive and active VC industry boosts innovation driven growth. …

Does venture capital (VC) investment yield economic growth? A large literature studies the effect of VC investments on … firm-level activity, but its effects on economic growth are less well understood. We identify the effect of VC investment … hubs are an important contributor to regional economic growth. …