This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of whether IP has already been granted. In contrast,...

Determines the extent to which venture capital-backedstartups engage in cooperative commercialization strategies and identifiespossible consequences of those strategies. After a review of the literature onthe extra-financial effects of venture capital (VC) on startups, a number ofhypotheses are...