NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis

William R. Kerr, Josh Lerner, Antoinette Schoar

NBER Working Paper No. 15831
Issued in March 2010

---- Acknowledgements -----

We thank James Geshwiler of CommonAngels, Warren Hanselman and Richard Sudek of Tech Coast Angels, and John May of the Washington Dinner Club for their enthusiastic support of this project and willingness to share data. We also thank the many entrepreneurs who responded to our inquiries. Harvard Business School’s Division of Research and the Kauffman Foundation supported this research. Andrei Cristea provided excellent research assistance. All errors and omissions are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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