Buy local? The geography of venture capital

By Henry Chen, Paul A. Gompers, A. Kovner, Josh Lerner. 2010

388 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/9d0e151d01931497aa9a5609273b50b23e705d40

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In Management of Technology and Innovation

Citations in the corpus

Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines (2015, neutral): “14 Examples from various forms of local entrepreneurial finance include Petersen and Rajan (1994), Chen et al. (2010), and King and Levine (1993a, 1993b). Aghion, Fally, and Scarpetta (2007) and Kerr and Nanda (2009) provide extended references.”
Better Together? Signaling Interactions in New Venture Pursuit of Initial External Capital (2016, background): “Once investors put their money into a company in given region they are more likely to invest in another company nearby (Chen et al., 2010; Sorenson & Stuart, 2001).”
Ethnic matching in the U.S. venture capital market (2015, background): “…collection before and after the investment is made: They specialize in industries, geographies and investment stages (Stuart & Sorenson, 2001; Chen et al., 2010) write sophisticated financial contracts (Kaplan & Stromberg, 2003, 2004; Bengtsson & Sensoy, 2011), experiment with new investment…”
Venture Capital and Other Private Equity: A Survey (2011, neutral): “See the discussion of (Sorensen 2007) below.”
The local innovation spillovers of listed firms (2021, neutral): “…driver behind the existence of the broader “innovation spillovers”, I study in details which pipes knowledge can go through to spread across local firms and focus on two main channels: learning from local firms and inventors moving from their employer to both existing and newly started local firms.”
The Strength of Strong Ties in an Emerging Industry: Experimental Evidence of the Effects of Status Hierarchies and Personal Ties in Venture Capitalist Decision Making: The Strength of Strong Ties (2015, positive): “To more deeply probe this question, we can use a feature of the market structure for venture-backed firms— geographic concentration (Stuart, Hoang, and Hybels, 1999)—and exploit the unusual level of geographic concentration in the venture capital market (Chen et al., 2010) by comparing a densely net”
The Impact of Venture Capital Monitoring: The Impact of Venture Capital Monitoring (2015, positive): “This result is consistent with the findings of Chen et al. (2010). Overall, treated and untreated companies are distributed similarly across regions; however, as one might expect, treated companies are less likely to be located in Northern California.”
The Causes and Consequences of Venture Capital Stage Financing (2011, neutral): “Chen et al. (2010) document three metropolitan areas—San Francisco, Boston, and New York—where both VC firms and”
Financing Innovation: Evidence from R&D Grants (2017, neutral): “Second, I exploit the stylized fact that VC firms typically invest in geographic proximity to their offices, and indeed in ventures located in their city (Chen et al. 2010; Cumming and Dai 2010).”
Success in Global Venture Capital Investing: Do Institutional and Cultural Differences Matter? (2014, neutral): “…distance on VC performance is consistent with the evidence presented in Chakrabarti et al. (2009) in the context of cross-border acquisitions, Cumming et al. (2009b) with respect to style drift in private equity, and Chen et al. (2010) who report better VC performance in nonlocal investments.”
Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales (2018, neutral): “These frictions have made fundraising difficult for those entrepreneurs who are located outside VC hubs or lack elite professional networks (Chen et al. 2010).”