Redeploying the Jockeys: The Intermediary Role of Venture Capital in Entrepreneurial Labor Markets

The author is thankful to Lin William Cong (the editor), the anonymous associate editor, two anonymous referees, Ashwini Agrawal, Ulf Axelson, Bo Bian (discussant), Fabrizio Core, Vicente Cuñat, Andreas Fagereng, Francisco Gomes, Juanita González-Uribe, Daniel Gottlieb, Isaac Hacamo, Camille Hebert, Dirk Jenter, Xuelin Li, Alexander Ljungqvist, Dong Lou, Diogo Mendes, Greg Niehaus, Radoslawa Nikolowa, Daniel Paravisini, Marco Pelosi, Morten Sørensen (discussant), Jan Starmans, Per Strömberg, Moqi Groen-Xu, Su Wang, Xiang Yin, Yao Zeng, and Hongda Zhong for their valuable and constructive feedback. The author is also grateful to seminar participants at the London School of Economics, European Finance Association Doctoral Tutorial, and China International Conference in Finance for helpful comments. Lastly, The author thanks Xueqi Cong, Nade Lei, Xiaoyue Luo, and Mingze Sun for providing excellent research assistance.