Human Capital in Venture Capital: Evidence From 100,000 Venture Capitalists

For helpful comments and discussions, we thank Liudmila Alekseeva, Mike Ewens, Minmo Gahng, Paul Gompers, Sabrina Howell, and seminar participants at Harvard Business School, the LBS Private Capital Symposium, and the WEFI Fellows Conference. We especially thank Kai Wen Cui for exceptional research assistance. For helpful research assistance, we further thank: Umidjon Abdunabiyev, Faith Adeola, Femi Babatunde, Manfredi Bernardi, Arafat Charakhmetov, Bekzhan Elebesov, Anton Eremin, Akylai Kasymkulova, Alina Kemalova, Svetlana Kim, Shantia Laurenz, Alex Leontaridis, Alin Molchanova, Rahmatullah Nazar, Minh Nguyen, Bakyt Parman, Yana Pavlovskaya, Arlan Rakhmetzhanov, Salimzhan Sagat, Banuir Sansyzbay, Dauirzhan Sansyzbay, Deven Shah, and Kholidakhon Sharifkhanova. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.