How to Motivate Fundamental Innovation: Optimal Interactions Between Entrepreneurs, Venture Capitalists, and the Government

For helpful comments and discussions, the authors thank Xuan Tian, Gustavo Manso, Shai Bernstein, Paul Hsu, Lin William Cong (the department editor), an associate editor, two anonymous reviewers, as well as seminar participants at Boston College, University of Texas at San Antonio, University of Kentucky, and conference participants at the FMA Conference on Finance and Investment in Creative Ventures, the Finance and Innovation Conference at the University of California, Berkeley, and the World Finance Conference. Any remaining errors and omissions are the responsibility of the authors.