In addition to the shift from public- to private funding, as of late there is also a shift from venture capital to private equity funding and a growing number of “angels” and “angel funds” (IVC, 2012). Overall, over the course of the past four decades we see a dramatic change in...
business angels, banks or family members – among our control variables) is not significantly associated with early-stage hiring either.Footnote8Overall, we conclude that having corporate shareholders plays a distinct role in infusing