Venture Capital and the Finance of Innovation

By Andrew Metrick, A. Yasuda. 2006

311 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5a243ace879d2b4ef52a118ef3cc54d32fe40a4d

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Citations in the corpus

Venture Capital and Other Private Equity: A Survey (2011, unknown): “See the discussion of (Sorensen 2007) below.”
Should Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms from Early Business Plans to Public Companies (2009, background): “…University, Kellogg, Mannheim, Michigan, NBER Corporate Finance Group, NBER Entrepreneurship Group, RICAFE Conference in Turin, SIFR, Stockholm School of Economics, Tel Aviv University, Tilburg University, The Tuck School (at Dartmouth), the University of Chicago, University of Vienna, and…”
Form or Substance: The Role of Business Plans in Venture Capital Decision Making (2009, background): “Venture capitalists review hundreds or even thousands of proposals for every one that receives funding (Goldfarb, Kirsch, and Pfarrer, 2005; Metrick, 2007).”
The Impact of Venture Capital Monitoring: The Impact of Venture Capital Monitoring (2015, unknown): “Indeed, Metrick and Yasuda (2011) find that first-round (second-round) investors do not even recover their invested capital in 38% (46”
Conveying Quality and Value in Emerging Industries: Star Scientists and the Role of Learning in Biotechnology (2011, unknown): “One common valuation method, favored by venture capitalists, attempts to place values on these types of companies using comparables from similar firms (Metrick, 2006; Higgins, 2007b).”
Investment Cycles and Startup Innovation (2013, unknown): “In fact, venture capitalists’ successes seem to stem from taking informed bets on startups and effectively terminating investments when negative information is revealed about these firms (Metrick and Yasuda, 2010).”
Fund Size, Limited Attention, and Valuation of Venture Capital Backed Firms (2011, unknown): “Thus, the typical venture capital fund has seen an increase in capital managed per partner as fund size grew (see Gompers and Lerner, 2000; Metrick, 2006).”
Motivational Cues and Angel Investing: Interactions among Enthusiasm, Preparedness, and Commitment (2017, background): “…and entrepreneurs (Gompers & Lerner, 1999), signals and decision cues used by entrepreneurs and potential investors to manage this asymmetry (Kirsch et al., 2009; Martens, Jennings, & Jennings, 2007; Metrick, 2007), and a venture’s “readiness” to receive funding (Brush, Edelman, & Manolova, 2012).”
Attracting Early Stage Investors: Evidence from a Randomized Field Experiment (2015, unknown): “…as 6%.21 This is fairly high compared to venture capital, as venture capitalists invest in about one in every 50 to 100 deals that they look into (Metrick and Yasuda 2010), though we should point out that angels may have different incentives than venture capitalists (e.g., Goldfarb et al. 2013)…”
Interim Fund Performance and Fundraising in Private Equity (2017, background): “In contrast, the impact of interim performance on fund size is not reliably different for the two subsamples, perhaps because VC funds do not enjoy the same economies of scale as buyout funds (Metrick and Yasuda (2010a)).”