The Risk and Return of Venture Capital
John H. Cochrane1 Graduate School of Business, University of Chicago March 19, 2004
School of Business, University of Chicago, 1101 E. 58th St. Chicago IL 60637, 773 702 3059, [email protected]
I am grateful to Susan Woodward, who suggested the idea of a selection-bias correction for venture capital returns, and who also made many useful comments and suggestions. I gratefully acknowledge the contribution of Shawn Blosser, who assembled the...