New in SER: Nils Peters shows soaring UK startup valuations in the 2010s were less about VC power & more about a struggle for ownership. Late‑stage funds pushed into early‑stage rounds, intensifying competition & a small elite captured outsized returns. doi.org/10.1093/ser/...
Abstract. High startup valuations are commonly perceived as expressions of venture capitalists’ (VCs) power. This study complicates this view and argues th
