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...ional on inclusion of information about prior non-VC external private equity funding, documents that report greater amounts of funding are more likely to receive VC funding. The size of VC firms has grown over time (Gompers and Lerner, 1999). However, managerial expertise is not necessarily scalable. Hence, venture capitalists tend to finance in larger amounts than other non-venture private equity investors 8 One could also argue that previous funding may be detrimental as it could make a VC deal more complex (Ibrahim, 2008), although there is little systematic evidence that this is the case (Goldfarb et al., 2008). One might expect that the type of prior equity funding would impart important information to a potential VC. For example, while we observe prior funding generally, we occasionally observe whether these investors were internal (i.e., founders), or external (i.e., non-VC investors, generally business angels). One can formulate arguments that either one of these investment types would be a positive signal to VCs. However, in unreported regressions we do not find that either the inclusion of this information or the amount of each type of funding impacts outcomes. For the sake of brevity, we excl...

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... and institutional solutions necessary for the creation of a functioningsclosed archive. Though initial efforts have yielded promising results thatsdo not risk disclosure of confidential information (=-=Goldfarb et al., 2008-=-),sin general, the approved methodology must still be translated into operating guidelines and procedures that will govern the operation of the closedsarchive in years to come. Dot Com Archive and Rel...