Venture capitalists at work: A diff-in-diff approach at late-stages of the screening process
Abstract
In this paper we use a new methodology aimed at identifying only the venture capitalists (VC) treatment effect: we compare a representative sample of firms financed by private VC in the period 2004–2014 with a sample of firms rejected by VC at the very late-stages of the screening process. These firms narrowly lost the contest and are hence very similar, before VC financing, to the VC backed firms; self-selection is specifically taken into...
Paper Details
Title
Venture capitalists at work: A diff-in-diff approach at late-stages of the screening process
Published Date
May 1, 2020
Volume
35
Issue
3
Pages
105968 - 105968
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