Showing articles by Nanda, Ramana
Cost of Experimentation and the Evolution of Venture Capital
The emergence of the "cloud" has had a major impact on the founding and growth of entrepreneurial firms. This new technology began with the introduction of Amazon's Web Services in 2006. It allowed software and internet companies to rent rather than buy powerful computing resources, thus lowering the…
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The Persistent Effect of Early Success: Evidence from Venture Capital
Unlike other assets classes, private equity -- especially venture capital -- has been found to exhibit performance persistence. Money managers that perform well in one period have a higher likelihood of being above-average in their performance in the future. To understand better what might account for this persistence, we examined…
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