8 Counterfactual average market complementarity, 9 Counterfactual average observed market production, 10 Counterfactual average observed market complementarity
*Exitvalue vsVC Tenure is probably the wrong measure. .. Presumably, funds are alive because they are in the market... Also, inverted U. Stage drift. Etc.*Investment?
*Currently removing by tenure and experience (in thirds)
*Should do: GSVC, CVC, non-market VC?
11 - 14 - IPO and M&A and both among '''unmatched startups'''
*Exitvalue. M&A suffers from issues. Disclosed value M&A would be better?
*Worse VC IPO/M&A likely a better but maybe non-temporal as implemented.
15 Geog dist.
*Why 748 matches?
16-19 Posterior exit rates.
*VC tenure looks problematic again. Also M&A issues with firesales.
Tables from Section 5 - Results with New Variables:
*Check stage fit
*Check co-investors is in the deal.
===Other Notes===