Research

Publications

Founder Replacement and Startup Performance (with Matt Marx) April 2018] [pdf] (Review of Financial Studies, 2018)

Cost of Experimentation and the Evolution of Venture Capital (with Ramana Nanda and Matthew Rhodes-Kropf) [October 2015] (forthcoming, Journal of Financial Economics) [pdf] [appendix]

Managing Performance Signals Through Delay: Evidence from Venture Capital (with I. Chakraborty) [July 2016]  [pdf] (forthcoming, Management Science)

Is the VC Partnership Greater than the Sum of its Partners? (with M. Rhodes-Kropf) [Journal of Finance, 2015 [pdf] [online appendix]

The Price of Diversifiable Risk in Venture Capital and Private Equity (with C. Jones and M. Rhodes-Kropf) [Review of Financial Studies, 2013] [pdf]

Statistical Discrimination or Prejudice? A Large Sample Field Experiment (with C. Wang and B. Tomlin) [2014, Review of Economics and Statistics] [pdf] [replication data]

Working Papers

Insider Financing and Venture Capital Returns (with Matthew Rhodes-Kropf and Ilya Strebulaev [October 2016] [pdf](Revise & Resubmit, Review of Financial Studies)

Are Early Stage Investors Biased Against Women? (with Rick Townsend) [Oct. 2017] [pdf]

The Deregulation of the Private Equity Markets and the Decline in IPOs (with Joan Farre-Mensa) [August 2017] [Appendix]

Venture Capital Contracts (with Alex Gorbenko and Arthur Korteweg) [Feb. 2018, draft coming soon]