On the Return to Venture Capital
收藏NBER2007-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12874
下载链接
链接失效反馈官方服务：
资源简介：
We provide a model that links the high return to venture equity to the impatience of the VCs. VCs are scarce, and hence, they have market power and a high return on their investments. As a result, VCs are eager to terminate non-performing ventures so they can move on to new ones. The scarcity of VCs
提供机构：
美国国家经济研究局创建时间：
2007-01-01
