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Estimating Unobserved Complementarities between Entrepreneurs and Venture Capitalists (view source)
Revision as of 15:47, 18 June 2021
, 15:47, 18 June 2021→pcnumperson / pcexp
# Thomson adds information each time the firm recieves more investment, so pcnumperson is correlated with the number of rounds, amount invested, prob of exit, etc.
# Higher quality firms/portcos are more likely to report the people in a portco.
# numperson includes a broad range of titles, roughly VP-level and above with some extras, and more organized portcos may report deeper into their ranks.# It's possible that some non-exec board members are included
pcexp suffers from all of the above issues and more. pcexp has the following lineage:
** A portco with 1 person who has held two previous positions has pcexp=2
** A portco with 2 people who have each held one previous position has pcexp=2
* Non-exec board members (lawyers, investors, etc.) may have worked with lots of previous firms and be inflating this count!
==== match in stage ====
