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==Analysis Stage 1 ==
 
The results are based on preliminary data analysis. The do-file that performs some analysis is located here:
Z:\Hubs\2017\hubs_data
 
It is titled '''load_vc_hubs_data.do'''.
 
The sample of hubs used at this stage is the 29-30 hubs that were shortlisted in summer 2016. After data cleaning we get a sample of ~ 25 hubs. Important observations from initial fixed effects regressions are:
 
* The sign of correlation between vc funding and the presence of hubs is very sensitive to the measure of vc funding. It is positive for early investment and negative for later investments.
*The size and significance of the correlation is sensitive to number of deals vs the amount of funding. Results are more significant for number of deals compared to the results for value of the deals.
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