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049 a| EREEa| NEHH;

050 00 a| HB1;

100 1 a| Woodward, Susan E.=| ^A997000;

245 10 a| Benchmarking the returns to ventureh| [electronic resource] /c| Susan E. Woodward, Robert E. Hall.;

260 a| Cambridge, MA :b| National Bureau of Economic Research,;

490 1 a| NBER working paper series ;v| working paper 10202;

500 a| Title from PDF file as viewed on 1/26/2005.;

504 a| Includes bibliographical references.;

506 a| Available only to authorized users.;

520 3 a| "We describe a new index of the current and historical returns to venture-type capital. The conceptual basis for the index is the value of a continuously reinvested value-weighted portfolio of all venture-backed and similar pre-public companies. It provides a metric for private equity comparable to the S&P 500 for public equity. We build the index from valuations revealed in episodic transactions in the companies' shares - private placements of new rounds of equity funding, IPOs, acquisitions, and liquidations. Our approach to dealing with the episodic nature of the data is similar to the one used in constructing indexes of real-estate value from transaction data for individual properties. We have extended earlier sources of data to deal with selection bias - we tracked down unfavorable valuations that were less likely to be reported in the earlier data. We also use econometric techniques to handle the remaining selection bias. The resulting index has important uses in marking venture portfolios to market and in assessing the performance of venture investments"--National Bureau of Economic Research web site.;

530 a| Also available in print.;

538 a| Mode of access: World Wide Web;

650 0 a| Stocksx| Prices.=| ^A65537;

650 0 a| Venture capital.=| ^A80698;

655 0 a| Electronic books.=| ^A491897;

700 1 a| Hall, Robert Ernest,d| 1943-?| UNAUTHORIZED;

710 2 a| National Bureau of Economic Research.=| ^A186;

830 0 a| Working paper series (National Bureau of Economic Research : Online) ;v| working paper no. 10202.?| UNAUTHORIZED;

856 40 z| Full text available from NBER Working Papersu| https://go.openathens.net/redirector/ecu.edu?url=https%3A%2F%2Fdx.doi.org%2F10.3386%2Fw10202;

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999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 6164547-1001l| JNETm| JOYNERr| Ys| Yt| JNESSBKu| 7/15/2023x| EBOOKz| JERESOURCE;

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Benchmarking the returns to venture / Susan E. Woodward, Robert E. Hall.

Author/creator	Woodward, Susan E.
Other author	Hall, Robert Ernest, 1943-
Other author	National Bureau of Economic Research.
Format	Electronic
Publication Info	Cambridge, MA : National Bureau of Economic Research,
Supplemental Content	Full text available from NBER Working Papers
Subjects	Stocks--Prices. Venture capital.

Series	NBER working paper series ; working paper 10202 Working paper series (National Bureau of Economic Research : Online) ; working paper no. 10202. UNAUTHORIZED
Summary	"We describe a new index of the current and historical returns to venture-type capital. The conceptual basis for the index is the value of a continuously reinvested value-weighted portfolio of all venture-backed and similar pre-public companies. It provides a metric for private equity comparable to the S&P 500 for public equity. We build the index from valuations revealed in episodic transactions in the companies' shares - private placements of new rounds of equity funding, IPOs, acquisitions, and liquidations. Our approach to dealing with the episodic nature of the data is similar to the one used in constructing indexes of real-estate value from transaction data for individual properties. We have extended earlier sources of data to deal with selection bias - we tracked down unfavorable valuations that were less likely to be reported in the earlier data. We also use econometric techniques to handle the remaining selection bias. The resulting index has important uses in marking venture portfolios to market and in assessing the performance of venture investments"--National Bureau of Economic Research web site.
General note	Title from PDF file as viewed on 1/26/2005.
Bibliography note	Includes bibliographical references.
Access restriction	Available only to authorized users.
Other forms	Also available in print.
Technical details	Mode of access: World Wide Web
Genre/form	Electronic books.
LCCN	2005616241

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Benchmarking the returns to venture / Susan E. Woodward, Robert E. Hall.

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