Venture Capital Data: Opportunities and Challenges

This paper was prepared for the NBER-CRIW Conference on Measuring Entrepreneurial Businesses: Current Knowledge and Challenges. We thank Rick Townsend for very helpful comments. Kaplan and Lerner have consulted to venture capital general partners and limited partners and have invested in venture capital funds. Lerner thanks Harvard Business School’s Division of Research for support. Kaplan thanks the Fama-Miller Center at Chicago Booth. Address correspondence to Steve Kaplan, University of Chicago Booth School of Business, skaplan@uchicago.edu and Josh Lerner, Harvard Business School, josh@hbs.edu. All errors and omissions are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.