Ryan Coles, PhD’s Post

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Daigle Labs Chief Scientist | Nomyx COO

A case for a stronger government role in identifying and solving market failures. The study draws three important contrasts between government and private VC funds: (i) government funds are spatially more dispersed than private funds; (ii) government funds invest in firms with weaker ex-ante performance signals but these firms exhibit growth rates exceeding those of firms in which private funds invest; and (iii) private VC funds follow government VC investments, especially when hometown government funds directly invest on firms with weaker ex-ante performance signals. #economy #entrepreneurship #business #tech #startups #artificialIntelligence #ai

Government as Venture Capitalists in AI

Government as Venture Capitalists in AI

nber.org

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