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This paper proposes a theory of experimental learning in early-stage ventures. I develop a stylized formal model to …
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We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This …-held beliefs, and creating its own puzzles. Our review outlines the growing body of work that documents a role for debt financing … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects …
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