Nowcasting and Placecasting Entrepreneurial Quality and Performance

Jorge Guzman, Scott Stern

NBER Working Paper No. 20954
Issued in February 2015

---- Acknowledgments ----

This paper was prepared for the NBER/CRIW Measuring Entrepreneurial Businesses: Current Knowledge and Challenges conference, Washington, DC, December, 2014. We are thankful to David Audretsch, Pierre Azoulay, Erik Brynjolfsson, Georgina Campbell, Christian Catalini, Iain Cockburn, Mercedes Delgado, Catherine Fazio, Joshua Gans, Karen Mills, Fiona Murray, Abhishek Nagaraj, Ramana Nanda, Hal Varian, Ezra Zuckerman, Sam Zyontz, and the conference organizers John Haltiwanger, Erik Hurst, Javier Miranda, and Antoinette Schoar for comments and suggestions. We would also like to thank participants in NBER/CRIW pre-conference, the MIT Regional Entrepeneurship Acceleration Program, and seminar participants at the MIT Initiative on the Digital Economy, Micro@Sloan, and the 2014 NBER-AIEA Conference, and the 2014 DRUID Meetings. We thank Raymond J. Andrews for his superb development of the visualizations in Figures 3, 6, and 8. Carlos Garay provided RA support, and Alex Caracuzzo and MIT Libraries provided important data support. We are thankful to Patrick Fennelly and the Massachusetts Corporation Division for their help getting this data. We also acknowledge and thank the Jean Hammond (1986) and Michael Krasner (1974) Entrepreneurship Fund and the Edward B. Roberts (1957) Entrepreneurship Fund at MIT for financial support. All errors and omissions are of course 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.

---- Disclosure of Financial Relationships for Scott Stern ----

The author is the the Director of the NBER Innovation Policy Working Group. This author has drawn on the findings of this research for compensated speaking engagements and to offer policy advice in a number of settings, including through his work as the Faculty Director of the MIT Regional Entrepreneurship Acceleration Program.

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