Tyranny of the Personal Network: The Limits of Arm’s Length Fundraising in Venture Capital
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https://www.nber.org/papers/w33080
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资源简介：
Growing retail participation in private markets causes private fundraising to shift from relationship-based to arms length. Focusing on venture capital funds, we study a 2013 policythe 506(c) exemptionpermitting public advertising in private markets. 506(c) funds have more retail investors and
提供机构：
美国国家经济研究局
创建时间：
2024-10-01
