FRIC/Finance Seminar with Ilya Strebulaev, Stanford Graduate School of Business

On Friday, June 3, Ilya Strebulaev, Stanford Graduate School of Business, will give a virtual seminar on the paper: The Economic Impact of Venture Capital: Evidence from Public Companies.

Friday, June 3, 2022 - 15:00 to 16:00

The Department of Finance is proud to announce the upcoming virtual seminar with Ilya Strebulaev, Stanford Graduate School of Business. 

Ilya Strebulaev will present:

The Economic Impact of Venture Capital: Evidence from Public Companies

ABSTRACT: Venture capital-backed companies account for 41% of total US market capitalization and 62% of US public companies’ R&D spending. Among public companies founded within the last fifty years, VC-backed companies account for half in number, three quarters by value, and more than 92% of R&D spending and patent value. The US did not spawn top public companies at a higher rate than other large, developed countries prior to 1970s ERISA reforms, but produced twice as many after it. Using those reforms as a natural experiment suggests that the US VC industry is causally responsible for the rise of one-fifth of the current largest 300 US public companies and that three-quarters of the largest US VC-backed companies would not have existed or achieved their current scale without an active VC industry.

Location:
Zoom (virtual seminar) 

More information will follow.

The page was last edited by: Department of Finance // 01/25/2024