The Value of Privacy and the Choice of Limited Partners by Venture Capitalists with R Abuzov, IA Strebulaev, Journal of Financial Economics 2025, 169(7), 104063  Cite. Topics: Contracts, PE, VC.

Customer Data Access and Fintech Entry: Early Evidence from Open Banking with T Babina, SA Bahaj, G Buchak, F De Marco, AK Foulis, F Mazzola, T Yu, Journal of Financial Economics 2025, 169(7), 103950  Cite. A previous version of this manuscript was distributed as "Customer Data Access and Fintech Entry: Early Evidence from Open Banking" T Babina, G Buchak, W Gornall. Topics: Banking, Fintech/Crypto.

Do Employees Cheer for Private Equity? The Heterogeneous Effects of Buyouts on Job Quality with O Gredil, ST Howell, X Liu, J Sockin, Management Science 2025, 71(5), 4287-4317  Cite. Topics: PE, Surveys.

Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels with IA Strebulaev, Management Science forthcoming  Cite. Topics: Surveys, VC.

Venture Capitalists and COVID-19 with PA Gompers, SN Kaplan, IA Strebulaev, Journal of Financial and Quantitative Analysis 2021, 56(7), 2474-2499  Cite. Topics: Surveys, VC.

Squaring Venture Capital Valuations with Reality with IA Strebulaev, Journal of Financial Economics 2020, 135(1), 120–143  Cite. Doriot Award winner. Teaching slides. Code. Tool to value employee stock options. Topics: Contracts, Valuation, VC.

How Do Venture Capitalists Make Decisions? with PA Gompers, SN Kaplan, IA Strebulaev, Journal of Financial Economics 2020, 135(1), 169–190  Cite. Awarded Jensen Prize. Summarized by the Harvard Business Review. Teaching slides. Topics: Surveys, VC.

Financing as a Supply Chain: The Capital Structure of Banks and Borrowers with IA Strebulaev, Journal of Financial Economics 2018, 129(3), 510-530  Cite. Code. Topics: Banking, Contracts.

Locally-Capped Investment Products and the Retail Investor with C Bernard, P Boyle, Journal of Derivatives 2011, 18(4), 72-88  Cite. Topics: Contracts, Valuation.

Perpetual Futures and Basis Risk: Evidence from Cryptocurrency with M Rinaldi, Y Xiao,  Cite. A previous version of this manuscript was distributed as "Funding Payments Crisis-Proofed Bitcoin’s Perpetual Futures". Topics: Contracts, Fintech/Crypto.

A Valuation Model of Venture Capital-Backed Companies with Multiple Financing Rounds with IA Strebulaev,  Cite. Topics: Contracts, Valuation, VC.

Safe Assets and Dangerous Liabilities: How Bank-Level Frictions Explain Bank Seniority  Cite. Topics: Banking, Contracts.

The Economic Impact of Venture Capital: Evidence from Public Companies with IA Strebulaev,  Cite. Spreadsheet classifying companies as VC-backed. See J Ritter's related data. Topics: VC.

The Contracting and Valuation of Venture Capital-Backed Companies with IA Strebulaev, In: BE Eckbo, GM Phillips, M Sorensen (eds) Handbook of the Economics of Corporate Finance 2023, Amsterdam: North-Holland, an imprint of Elsevier, 1, 3-76  Cite. A useful reference for faculty, students, and practitioners. Topics: Contracts, Valuation, VC.

Venture Capital Valuation with IA Strebulaev, In: D Cumming, B Hammer (eds) The Palgrave Encyclopedia of Private Equity 2023, Cham: Springer International Publishing, 1-5  Cite. Topics: Contracts, Valuation, VC.

How Venture Capitalists Make Decisions with PA Gompers, SN Kaplan, IA Strebulaev, Harvard Business Review 2021, 99.2 70-+ Topics: Surveys, VC.

Tool to value employee stock options See A Metrick and A Yasuda's related tool. Topics: Contracts, Valuation, VC.

Slides on post-money valuation versus value Topics: Contracts, Valuation, VC.

Slides discussing the venture capital investment selection process Topics: Surveys, VC.

Undergraduate Course Outline COMM 470 Venture Capital Topics: VC.

Comment on CFTC Trading and Clearing of "Perpetual" Style Derivatives Topics: Contracts, Fintech/Crypto.

Comment on SEC Proposed Rule on Good Faith Determinations of Fair Value Topics: Contracts, Valuation, VC.