Monday, July 18

8:00 am

Coffee and Pastries

8:30 am

Venture Capital (Mis)Allocation in the Age of AI

Victor Lyonnet, University of Michigan
Léa H. Stern, University of Washington

Discussant:
Ajay K. Agrawal, University of Toronto and NBER

9:20 am

The Economic Effects of Immigration Pardons: Evidence from Venezuelan Entrepreneurs in Colombia

Dany Bahar, Brown University
Bo Cowgill, Columbia University
Jorge Guzman, Columbia University and NBER

Discussant:
Pierre Azoulay, Massachusetts Institute of Technology and NBER

10:00 am

Break

10:30 am

The Death of Distance? COVID-19 Lockdowns and Venture Capital Investment

Pengfei Han, Peking University
Chunrui Liu, University of International Business and Economics
Xuan Tian, Tsinghua University

Discussant:
John M. Barrios, Yale University and NBER

11:15 am

Failed Venture Capital Fundraising Campaigns and Startup Growth: The Value-Add of Venture Capital Due-diligence for Venture Performance (slides)

Juanita Gonzalez-Uribe, London School of Economics and Political Science (LSE)
Robyn Klingler-Vidra, King's College London
Su Wang, ShanghaiTech University
Xiang Yin, Tsinghua University

Discussant:
Sabrina T. Howell, New York University and NBER

12:00 pm

Lunch

1:00 pm

The Effect of Tax Incentives on Local Private Investments and Entrepreneurship: Evidence from the Tax Cuts and Jobs Act of 2017

Jiajie Xu, University of Iowa

Discussant:
Maryann Feldman, Arizona State University and NBER

1:45 pm

Local Human Capital and Firm Creation: Evidence from the Massification of Higher Education in France

Elio Nimier-David, Cornell University

Discussant:
Camille Hebert, University of Toronto

2:30 pm

Break

3:00 pm

Rationalizing Entrepreneurs' Forecasts (slides)

Nicholas Bloom, Stanford University and NBER
Mihai A. Codreanu, Stanford University
Robert S. Fletcher, Stanford University

Discussant:
William Aulet, Massachusetts Institute of Technology

3:45 pm

Funding Black Innovators

Lisa D. Cook, Board of Governors of the Federal Reserve System
Emmanuel Yimfor, Columbia University
Steven Wu-Chaves, Michigan State University

Discussant:
Sophie Calder-Wang, University of Pennsylvania

4:25 pm

Adjourn