Replication data for: The Burden of the Nondiversifiable Risk of Entrepreneurship

Susan E. Woodward & Robert E. Hall
Entrepreneurship is risky. We study the risk facing a well-documented and important class of entrepreneurs, those backed by venture capital. Using a dynamic program, we calculate the certainty-equivalent of the difference between the cash rewards that entrepreneurs actually received over the past 20 years and the cash that entrepreneurs would have received from a risk-free salaried job. The payoff to a venture-backed entrepreneur comprises a below-market salary and a share of the equity value of...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.