Summary

“The objective of this study is to take a comprehensive look at how this model has worked, with the objective of sharing learnings with other investors. We partnered with external researchers from the Entrepreneurship Database Program at Emory University to answer two primary questions: are entrepreneurs effective at discerning the future revenue growth or capital attractiveness of their peers? Can entrepreneurs do so in a way that mitigates the bias that pervades traditional venture capital? The short answer to both questions is yes, a group of entrepreneurs can provide an effective and reliable means of evaluating early-stage ventures and do so in a way that mitigates bias.”