Working Paper: NBER ID: w22500
Authors: Steven N. Kaplan; Josh Lerner
Abstract: This paper describes the available data and research on venture capital investments and performance. We comment on the challenges inherent in those data and research as well as possible opportunities to do better.
Keywords: venture capital; data; performance; innovation
JEL Codes: G24; L26
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Venture capital funding (G24) | Increased innovation output (O36) |
| Venture capital (G24) | Success of firms that go public (G24) |