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===Primary Data Set===
The Hubs data set, from SDC Platinum, has been constructed in the server:
Data files are in 128.42.44.181/bulk/Hubs
All files are in 128.42.44.182/bulk/Projects/Ecosystem/Hubs
psql Hubs
The data set includes all United States Venture Capital transactions (moneytree) from the twenty-five year period of 1990 through 2015.
Data has been aggregated at the portfolio company, fund, and round level. It will be analyzed at the combined MSA level. We will be looking at in terms of number of companies funded in number of funds active, and flow of investment in a given MSA.
The data set has now been uploaded to the database server, named Hubs.
There are 4 tables:
*Rounds: Rounddate, coname, state, roundno, stage1, etc.
*CombinedRounds: Coname, rounddate, discamount, fundname
*Companies: LastInv, FirstInv, coname, MSA, MSACode, Address, state, datefounded, totalknownfunding, industry(major)
*Funds: fundname, closingdate, lastinv, firstinv, msa, msacode, avinv, nocoinv, totalknowninv, address
Used variables:
Companies: Coname, MSACode, Industry, state
MSALookupTable: MSACode, MSASuper
IndustryLookupTable: IndustryMajor, InduCode
->
CompanyInfo: Coname, MSASuper, InduCode, state (complete)
Funds: fundname, msacode, state
MSALookupTable: MSACode, MSASuper
->
FundInfo: fundname, msacode, state (complete)
Rounds: coname, rounddate, stagecode, roundno
CombinedRounds: coname, rounddate, discamount, fundname
->
RoundInfoSuper: coname, rounddate, '''nofunds''', discamount
->
RoundInfo: Coname, roundyear, fundname, estamount (complete)
Then take:
RoundInfo: Coname, roundyear, fundname, estamount
CompanyInfo: Coname, MSASuper, InduCode, state
FundInfo: fundname, msacode, state
->
SuperRoundInfo: Coname, CoMSASuper, CoInduCode, CoState, FundName, FundMSASuper, FundState, RoundYear, RoundEstAmount
->
MSAPortCos: Count(CoName) As NoPortCosFunded, CoMSASuper, RoundYear
...
'''Notes on Creation of Primary Data Set'''
Raw tables
* companies (last investment, first investment, company name, MSA, MSA code, address, state, date founded, known funding, industry)
* funds (fund closing date, last investment, first investment, fund name, address, MSA, MSA code, Average investment, number companies invested (NoCos), known investment)
* rounds (round date, company name, state, round number, stage 1, stage 2, stage 3)
* combined rounds (company name, round date, disclosed amount, investor)
* msalist (changes MSAs to CMSAs— combined MSAs)
*industry list (changes 6 industry categories to 4— ICT, Life Sciences, Semiconductors, Other)
Process
*cleaned tables to eliminate duplications, undisclosed variables
*changed all original characters to include CMSA and Industry Codes (companyinfo3, fundinfocleanfinal, roundinfoclean)
*matched funds to avoid any issues with names (i.e. Fund ABC L.P./Fund ABC LP/Fund ABC)
*matched roundinfoclean investors to fundinfocleanfinal investors (roundinfo.txt >> cleanfundfinal.txt)
*join by round and company conames
*bridge years (1990-2016), stage, and cmsa
* populate data with count of companies (Deal flow) and estimated amount ($)
** data set in 181 hubs folder under summarycmsa.txt (38394)
Key decisions:
*Threw out undisclosed co through-out as no address
*Count is done by joining round and company
*Anything fund related must be disclosed fund
*Near and far, and total invested, and fund counts, etc., are all done using disclosed funds that match only
'''Glossary of Tables'''
cleanco — used to remove duplicates from companies
cleanedcompanies — clean set of companies with no duplicates
cmsafunds-
cmsas— list of all CMSAs in final data set (for merging)
cmsastats- statistics not including empty years (pre-merge)
cmsastats2 - statistics separated by year-MSA
cmsastats3— statistics separated by year-MSA-stage
cmsastats4
cmsayears— empty merged table between year and cmsa
cmsayearstage — empty merged table between cmsa/years and stage
combinedrounds— raw sdc data for combined rounds
combinedroundswamt— used to join rounds and combined rounds for roundinfo2
companies- raw SDC company data
companyinfo — cleaned companies joined with state and CMSA information
companyinfo2— companyinfo1 with original industry categories
companyinfo3— companyinfo2 with updated industry categories and codes
companyinfo4-- clean version of companyinfo3
companyround- combined company information with round information
companyround2- combined company information with round information, cleaned up from companyround2
companyround3- combined company information with round information, cleaned up from companyround3
'''finaldataset'''- final statistics by CMSA-year, see section Final Primary Data Set for more information
fundinfo— funds joined with CMSA info
fundinfo2 - clean version of fundinfo1
fundinfoclean - used in process to clean fundinfo2
fundinfoclean2- used in process to clean fundinfo2
fundinfocleanfinal- used in process to clean fundinfo2
fundinfocleannodups- final clean set of fundinfo
funds - raw SDC fund data
Houston - analysis for Houston ecosystem team
Houston2- analysis for Houston ecosystem team
houston3- analysis for Houston ecosystem team
industry — new industry codes (4)— used for all future data sets
industrylist— lookup table for new industry codes (went from 6 to 4)
joined1- used for matching process
joined2- used for matching process
matchfund2- used for matching process
matchfunds- used for matching process
matchroundfund - used for matching process
matchroundfund2- used for matching process
msalist — lookup table for MSA to CMSA (used for all future data sets)
nearfar1-- beginning set before adding nearfar/stage variables
nearfar2 -- added binomial variables for near/far and for each of the stages, used to build final dataset
roundfund— not used— joined round to fund; drop/ignore
roundinfo— round info cleaned up to include number of investors in a syndicate and estimated investment per member of syndicate
roundinfo2— roundinfo1 including name of investors/funds
roundinfo3— clean version of roundinfo2
roundinfoclean — final clean version of roundinfo3 (final roundinfo table)
rounds — raw SDC round data
stages — table for merging stage-year-CMSA
superinfo — ignore/drop
temp - used for matching process
years — table for merging stage-year-CMSA
===Hub Candidates Data Set===
The Hubs candidate data set is a list of potential hubs found in MSAs throughout the country. Researchers are currently pulling qualitative and quantitative information from the candidate's websites, in an attempt to categorize what can be identified as a hub. This is a difficult data set to pull, as there is little to no quantitative information available for this category of institution, and is dependent on accessibility of information to the public on the internet.
Characteristics/Variables
*Year Founded
*Square footage
*LinkedIN self-identifiers (what the organization classifies itself on its LinkedIN profile)
*Activeness on Twitter (binomial)
*Member Directory available online (binomial)
*Number of conference rooms
*Price ($/month) for Flex desk
*Offers Reserved desk (binomial)
*Offers office space for rent (binomial)
*Offers community membership-- not for coworking but for community events, etc. (binomial)
*Number of events offered per month (estimate)
*Offers code academy
*Mission Statement/Vision (for qualitative or key-word analysis)
These characteristics/variables will be used to determine whether a candidate is or is not likely to be a Hub.
As of March 10th 2016, the list contains 125 Hub candidates.
'''Where to find''': The Hubs data set can be found in the Ecosystem>>Hubs>>dataset folder. It is not currently in the database due to a UTF8 issue
===Supplementary Data Sets===
'''Patent data''': to be pulled from USPTO or SDC Platinum.
'''Number of STEM Graduate Students''' (NSF) and '''University R&D Spending''' (NSF):
*University R&D Data found under file "NSF DATA_2004 to 2011.xlsx" in datasets folder (Ecosystem>>Hubs>>Datasets)
*R&D spending found at the university level for 2014 ("Stem Grad Students.xlsx) or at state level ("Science and Engineering Grad Students by State and Year 2000-2011.csv")
** not uploaded to server or matched yet to CMSA code, because of this discrepancy.
**"Stem Grad Students.xlsx" contains categorized university by MSA, can be used for all university-based projects
'''Per Capita Income''' and '''Employment Data''' (US Census Bureau):
*"Per Capita Personal Income by MSA 2000-2012.xlsx" in datasets folder (Ecosystem>>Hubs>>Datasets>>Data from Yael)
*"Wages and Salaries by MSA 2000-2012.xlsx" in datasets folder (Ecosystem>>Hubs>>datasets>>Data from Yael)
**not uploaded to server or matched yet to CMSA code
'''Firm Births''' (BDS)
*in server 181, under table name "BDS"
*includes birth, death, net(birth-death) and rate(death rate) for years 1990-2013 for every msa
*includes code for CMSA but is not aggregated by CMSA
** i.e. BDS statistics are still separate for all the smaller MSAs in New York's CMSA (code=1)
===Resources===
* Yael Hochberg and Fehder (2015), located in dropbox
** Use this paper as a guideline on how to conduct the analysis
*US Census Bureau data on employment by MSA: http://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ACS_14_5YR_B23027&prodType=table
*USPTO utility patents by MSA: http://www.uspto.gov/web/offices/ac/ido/oeip/taf/cls_cbsa/allcbsa_gd.htm
*MSA level trends: http://www.metrotrends.org/data.cf
===The Target Dataset===
We will need to process the following variables:
*SuperMSA - combine SanFran and SanJose, New York and Newark?, NC Research triangle, others?
*CSV mapping msas to cmsas is in the folder (and a table in the dbase)
Example dataset:
MSA Year SeedVCInv SeedEarlyVCInv LaterVCInv NoDeals FundsInvested DistinctInvestors ....
----------------------------------------------------------------------------------------------------------------------------
1234 2001 1000000 20000000 30000000 4 7 7
Note that the unit of observation is MSA-Year.
Variables to be computed at the MSA level:
*HubActive (binary)
*NoHubsActive (Count)
*HubSqFt
*Other Hub Vars (build list!!!)
*'''SeedVCInv''' (Seed/Start-up)
*'''EarlyVCInv''' (Early Stage)
*'''LaterStageVC''' (Later)
*'''OtherStageVC''' (Buyout/Acq, Other)
*'''NoDeals''' (done by local VCs?)
**'''NoDealsNear'''
**'''NoDealsFar'''
*NoPortCosFunded
*'''FundsInv''' (in an MSA)
**'''FundsInvFromNear''' (within MSA?)
**'''FundsInvFromFar''' (outside MSA?)
*DistinctInvestors (?)
**DistinctInvestorsNear (within MSA?)
**DistinctInvestorsFar (outside MSA?)
*PatentCount
*NoSTEMGrads
*FirmBirths (BDS data)
*UniRandDSpend
*PerCapitaIncome
*Employment
We need to:
*Check funds invested means dollars invested
*Categorize near and far! Is it within MSA vs. not, within adjacent MSAs, etc.?
There may be a second dataset that has Hub-Industry-Year (where industry is semiconductor/non-semiconductor?).
===Final Primary Data Set===
*Deal is a round syndicate (near/far deal is one investor that is near/far).
Table name: finaldataset
cmsa
year
totalamountinv--total amount invested
nearamountinv--amount invested from local funds
faramountinv-- amount invested from funds outside CMSA
earlyinv--amount invested in early stage companies
laterinv--amount invested in later stage companies
startupseedinv--amount invested in seed or startup stage companies
otherstageinv--amount invested in Acquisition/Buy-outs/Other stage companies
investingfund--distinct funds that are investing in that CMSA-year
investingfundnear--distinct funds from that CMSA that invested in that CMSA-year
investingfundfar--distinct funds from outside that CMSA that invested in that CMSA-year
deals--number of deals
neardeals--number of deals inside a CMSA
fardeals--number of deals from outside a CMSA --some of these deals might count in both categories, because of syndicate members being both inside and outside the CMSA
earlystagedeals--deals with earlystage companies
laterstagedeals--deals with later stage companies
startupseeddeals--deals with startup/seed companies
otherstagedeals--deals with companies in other stages
newportcosfunded--number of portfolio companies to receive their first investment in that year
===Data by zip code===
*Population data, 2000-2016 - US Census Bureau (E:\McNair\Hubs\summer 2017)
https://www2.census.gov/programs-surveys/popest/datasets/
*Income data, 1998-2014 - The Internal Revenue Service (E:\McNair\Hubs\summer 2017)
https://www.irs.gov/uac/about-irs
*DCI index, to assess the economic well-being of communities
http://eig.org/dci/interactive-maps/u-s-zip-codes
*R&D Expenses, 1980-2016 - Wharton Research Data Services (E:\McNair\Hubs\summer 2017)
*Zipcode look-up table obtained from https://www.unitedstateszipcodes.org/zip-code-database/. It's available in (E:\McNair\Hubs\summer 2017).
== Data by MSA ==
We have principle cities of MSAs from the census:
https://www.census.gov/geographies/reference-files/time-series/demo/metro-micro/delineation-files.html
We might be able to go City -> FIPS place code -> MSA?
Cities and their FIPS codes (which don't perfectly correspond) are available from https://www.census.gov/geo/reference/codes/place.html
The Census claims to provide city to MSA here: https://www.census.gov/geo/maps-data/data/ua_rel_download.html
However, there is only CBSA!
This might do it: https://www2.census.gov/geo/pdfs/maps-data/data/rel/explanation_ua_cbsa_rel_10.pdf
We can maybe track city to principal city to MSA
check pg [[new hubs]]
no edit summary
This research will primarily focused on large and mid-sized Metropolitan Statistical Areas (MSAs), as that is where the greater majority of Venture Capital funding is located.
Details of initial data work done prior to Summer 2017 can be found at [[Hubs Summer 2016]]
==COMPUSTAT Data==
*numsel
*year
