The Economics of Advice: Evidence from Start-up Mentoring

For their valuable guidance, the author is grateful to Ajay Agrawal, Joshua Gans, Avi Goldfarb, and Editor Alfonso Gambardella. The author also thanks three anonymous referees, Victor Bennett, Kevin Bryan, Susan Cohen, Alberto Galasso, Brent Goldfarb, Gary Dushnitsky, Benjamin Hallen, Mitchell Hoffman, Aseem Kaul, Helge Klapper, Peter Klein, Shannon Liu, Hong Luo, Kristina McElheran, Ramana Nanda, and Scott Stern as well as numerous conference and seminar participants at the University of Toronto, Purdue University, and Massachusetts Institute of Technology. The author is grateful to Creative Destruction Lab, Sonia Sennik, and members of the research and development group for supporting the construction of this database. Special thanks in memoriam to the author’s deceased colleague Dr. Peter Wittek.