Patents as Signals for Startup Financing
---- Acknowledgements -----
We are indebted to William Kerr, Pierre Regibeau, Mark Schankerman, and participants at the Conference on Patents, Innovation, and Entrepreneurship and the NBER Entrepreneurship Working Group for insightful comments. We also thank Haim Abramovich, Orna Berry, Shlomo Caine, Uri Gabai, Gad Levi, Shlomo Maital, Ayla Matalon, Ed Mlavsky, Mira Peled, David Perez-Castrillo, Maura Rosenfeld, Eduardo Shoval, Yossi Smoller, Einat Spivak, Manuel Trajtenberg, Daniel Wasserteil, and Yuval Weiss. Jerry and Marie Thursby gratefully acknowledge funding from NSF SciSIP Award 0965289. The views expressed herein are those of the authors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.