Research

Publications

Are Early Stage Investors Biased Against Women? (with Rick Townsend),  Journal of Financial Economics (forthcoming)

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

Cost of Experimentation and the Evolution of Venture Capital (with Ramana Nanda and Matthew Rhodes-Kropf), Journal of Financial Economics 2017[pdf] [appendix] [NBER WP]

Managing Performance Signals Through Delay: Evidence from Venture Capital (with I. Chakraborty), Management Science 2017  [pdf]

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), Review of Economics and Statistics, 2014 [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)

The Deregulation of the Private Equity Markets and the Decline in IPOs (with Joan Farre-Mensa) [August 2017] [Appendix] (Revise & Resubmit, Review of Financial Studies)

Acquisition Prices and the Measurement of Intangible Capital (with Ryan Peters and Sean Wang) [Nov. 2018]

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