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Board Dynamics over the Startup Life Cycle

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NBER2020-09-01 更新2025-01-04 收录
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We explore the dynamics of venture capital (VC)-backed startup boards using novel data on director entry, exit, and characteristics. At formation, a typical board is entrepreneur-controlled. Independent directors join the median board after the second financing, when control becomes shared, and hold

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2020-09-01
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