Posted by Michael Ewens (Caltech) and Joan Farre-Mensa (University of Illinois at Chicago), on Thursday, March 3, 2022 Editor's Note: Michael Ewens is Professor of Finance and Entrepreneurship at the California Institute of Technology, and Joan Farre-Mensa is Associate Professor of Finance at the University of Illinois at Chicago. This post is based on their recent paper.
The U.S. entrepreneurial finance market has undergone dramatic changes over the last two decades. Capital raised by privatel...
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