Financing Entrepreneurial Experimentation

Ramana Nanda, Matthew Rhodes-Kropf

NBER Working Paper No. 21278
Issued in June 2015, Revised in October 2015

---- Acknowledgments ----

This paper has been written for the NBER's Book Series, Innovation Policy and the Economy, volume 16. We draw extensively on the examples used in William Kerr, Ramana Nanda and Matthew Rhodes-Kropf (2014) and Ramana Nanda (2015) throughout this chapter. We thank Josh Lerner, Scott Stern, Navid Bazzazian and participants at the 2015 NBER Innovation Policy and Economy Conference for helpful comments. All errors 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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