Cost Of Experimentation And The Evolution Of Venture Capital

Cost Of Experimentation And The Evolution Of Venture Capital

Michael Ewens

California Institute of Technology – Division of the Humanities and Social Sciences

Ramana Nanda

Harvard UniversityEntrepreneurial Management Unit

Matthew Rhodes-Kropf

Harvard Business SchoolEntrepreneurial Management Unit; National Bureau of Economic Research (NBER)

October 30, 2015

Harvard Business School Entrepreneurial Management Working Paper No. 15-070

Abstract:

We study adaptation by...

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