financing
What Makes a Venture Capitalist Successful?
In new research, Blake Jackson and Ilya Strebulaev track the careers of 100,000 people working at venture capital firms in the United States to ask which investors succeed and why. They find that five percent of VCs generate 90 percent of the industry's profits, that the backgrounds investors bring with them predict who ends up in that group, and that public recognition itself opens the doors to the deals that keep them at the top.
How Political Alignment Between Cities and Governors Shapes Municipal Borrowing Costs
In new research, Ramona Dagostino and Anya Nakhmurina discuss how political misalignment between state governors and city leadership can affect how cities access financing, particularly in municipal bond pricing and crisis prevention investment.
How Barack Obama Spurred the End of America’s Public Presidential Election Funding System
Through 2004, all candidates in the general presidential election opted for public funding and reimbursement of their campaign expenses. Then, in 2008, Barack Obama...
