.S. Patent Office since 2001, we find that startups that win the patent “lottery” by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher … quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …

.S. Patent Office since 2001, we find that startups that win the patent "lottery" by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher … quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …

.S. Patent Office since 2001, we find that startups that win the patent “lottery” by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher … quality, follow-on innovation. Winning a first patent boosts a startup’s subsequent growth and innovation by facilitating …

been few attempts to assess this group of firms ́propensity to patent or its patenting activities. This paper intends to …