Synergizing Ventures

Ufuk Akcigit, Emin Dinlersoz, Jeremy Greenwood and Veronika Penciakova
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Veronika Penciakova: University of Maryland

No 36, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: Venture capital and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and patenting levels than non-VC-backed ones. Venture capitalists increase a startup's likelihood of reaching the right tails of firm size and innovation distributions. Furthermore, there is positive assortative matching: better venture capitalists match with better startups, creating a synergistic effect. An endogenous growth model, where venture capitalists provide both expertise and financing to business startups, is constructed to match these facts. The degree of assortative matching and the taxation of VC-backed startups are important for growth.

Date: 2019
New Economics Papers: this item is included in nep-bec, nep-ent, nep-fdg, nep-fmk, nep-ino and nep-sbm
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Synergizing ventures (2022)
Working Paper: Synergizing Ventures (2019)
Working Paper: Synergizing Ventures (2019)
Working Paper: Synergizing Ventures (2019)
Working Paper: Synergizing Ventures (2019)
Working Paper: Synergizing Ventures (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed019:36

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