There is a good question asked by academics, Ilya Strebulaev and Will Gornall: “How Much Does Venture Capital Drive the US Economy?”
The answer has been “a lot”: as of December 2013, their sample of public companies showed 710 with total market capitalisation of $4.3 trillion had received venture capital backing, out of 4,063 firms with total market capitalisation of $21.3 trillion.
But the impact of VCs has been even starker when the academics factored in the fact that…
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