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Estimating Unobserved Complementarities between Entrepreneurs and Venture Capitalists (view source)
Revision as of 16:06, 21 August 2017
, 16:06, 21 August 2017→Decisions
*Granularity of industry: To start let's use minor industry group (see below). We use a much finer grained industry definition and aggregate back up to balance out the counts somewhat later.
*Matching to a fund or a firm: For now, we will work with funds, though deals are sometimes transferred across funds within a firm (i.e. from Kliener fund IV to Kliener fund V), this is probably comparatively rare (check!).
*Dealing with the right censorship problem: We can likely address this with indicator variables to condition on, but may want to restrict estimation to dyads that don't have this issue. For now we will take portfolio companies that received their last investment and before 2007, to allow funds that made a full 10 years to clear their last investment before 2012portfolios.
*Inadequate coverage in early years: VentureXpert's coverage is notably inferior prior to 1982. We should start with portco that received their first investment in 1985 and forward.
*Determination of lead VC - see below
