NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs

Paul Gompers, Anna Kovner, Josh Lerner, David Scharfstein

NBER Working Paper No. 12592
Issued in October 2006

---- Acknowledgements -----

Helpful comments were provided by Yael Hochberg, Steve Kaplan, Roni Michaely, Avri Ravid, and various seminar participants. We thank for Tim Dore for exceptional research assistance on this project. Harvard Business SchoolÂ’s Division of Research and the National Science Foundation provided financial assistance. All errors and omissions are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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