Why Startups Benefit When Big Investments Come Later

Why Startups Benefit When Big Investments Come Later

When startups receive funding can have as big an impact on innovation as how much funding they get, according to researchers Harsh Ketkar of the University of Texas at Austin and Maria Roche of Harvard Business School. Using data from the market research firm PitchBook and the data analytics company BuiltWith, they recorded data on 11,853 U.S. tech companies founded from 2010 to 2019. They identified when each company’s earliest funding arrived …