Tyranny of the Personal Network: The Limits of Arm’s Length Fundraising in Venture Capital
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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
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美国国家经济研究局创建时间：
2024-10-01
