Welcome This website is the companion to "Private or Public Equity? The Evolving Entrepreneurial Finance Landscape" by Michael Ewens and Joan Farre-Mensa. The site provides detail on the data used in the paper, references, presentation slides and teaching slides. It aims to provide up-to-date information on the entrepreneurial finance market.
Private capital raising exceeds public market equity capital raising
Capital raised by high-growth startups has increased 4-fold since 2002. Since 2017, more capital has been raised by startups than in IPOs and SEOs.
Private firm entrepreneurs’ bargaining power increasing over time
Startups continue to raise more entrepreneur-friendly capital, resulting in larger equity stakes and strong control rights for founders.
