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A Study of Academic Entrepreneurs Using Venture Capital Data

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  • Junfu Zhang

Abstract

This paper studies academic entrepreneurs using a comprehensive venture capital database (VentureOne). I find that entrepreneurial activities among university employees are concentrated in the biotechnology and information technology industries. About two-thirds of the academic entrepreneurs locate their businesses in the same state as their universities. National academy membership and number of faculty awards - measures of a university’s research quality - are the most significant variables in explaining the number of academic entrepreneurs from a university. In contrast, the abundance of venture capital near the university has no significant effect on academic entrepreneurship.

Suggested Citation

  • Junfu Zhang, 2006. "A Study of Academic Entrepreneurs Using Venture Capital Data," PPIC Working Papers 2006.01, Public Policy Institute of California.
  • Handle: RePEc:ppi:ppicwp:2006.01
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    References listed on IDEAS

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    Cited by:

    1. Junfu Zhang, 2011. "The advantage of experienced start-up founders in venture capital acquisition: evidence from serial entrepreneurs," Small Business Economics, Springer, vol. 36(2), pages 187-208, February.

    More about this item

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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