This paper surveys the growing body of recent literature on venture capital (VC) and private
equity (PE) and formulates an agenda for future research. Specifically, it covers and …

Venture capital is associated with some of the most high-growth and influential firms in the
world. Academics and practitioners have effectively articulated the strengths of the venture …

We survey the literature on private equity performance, focusing on venture capital and
buyout funds rather than on portfolio companies. We describe recent findings on …

We study whether early stage investors have gender biases using a proprietary data set
from AngelList that allows us to observe private interactions between investors and …

We study how technological shocks to the cost of starting new businesses have led the
venture capital model to adapt in fundamental ways over the prior decade. We both …

Do business accelerators affect new venture performance? We investigate this question in
the context of Start-Up Chile, an ecosystem accelerator. We focus on two treatment …

We provide evidence on the value of patents to startups by leveraging the quasi‐random
assignment of applications to examiners with different propensities to grant patents. Using …

This paper examines the role of governmental venture capital firms (GVCs) in supporting
industries endorsed by the government. Specifically, we find that GVCs are more likely to …

Using panel data on top management characteristics and a management quality factor
constructed using common factor analysis on individual management quality measures, we …

Private equity (PE) performance is persistent, with PE firms consistently producing high (or
low) net-of-fees returns. We use a new variance decomposition model to isolate three …