{"id":"W2466006467","doi":"10.2139/ssrn.2801385","title":"How Do Venture Capitalists Make Decisions?","year":2016,"lang":"en","type":"article","venue":"SSRN Electronic Journal","topic":"Private Equity and Venture Capital","field":"Business, Management and Accounting","cited_by":83,"is_retracted":false,"has_abstract":false,"ca_institutions":"University of British Columbia; University of British Columbia Hospital","funders":"","keywords":"Venture capital; Valuation (finance); Private equity; Business valuation; Business; Pre-money valuation; Investment value; Investment (military); Investment decisions; Value (mathematics); Equity (law); Finance; Industrial organization; Marketing","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.001034998,0.000225127,0.0002038325,0.0002264481,0.0003171279,0.0006898363,0.0005824083,0.0001223758,0.0001369659],"category_scores_gemma":[0.0004046816,0.000141833,0.0002104483,0.0002408308,0.00006181763,0.001429897,0.0001854006,0.0008661645,0.0003879936],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0003970163,"about_ca_system_score_gemma":0.0002731902,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.00001319816,"about_ca_topic_score_gemma":0.0002921273,"domain_scores_codex":[0.9970602,0.00001634125,0.000226484,0.0002669047,0.0004256622,0.002004409],"domain_scores_gemma":[0.9992403,0.00005134781,0.0002504519,0.0002696728,0.0001555266,0.00003266586],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"theoretical_or_conceptual","study_design_scores_codex":[0.00007067013,0.00007325791,0.002369066,0.000008242914,0.0001058343,0.00003242593,0.00002118847,7.101106e-7,0.001611755,0.8355234,0.004283225,0.1559003],"study_design_scores_gemma":[0.001217784,0.00005012159,0.001921873,0.0001034157,0.00005543453,0.0002397818,0.0005648,0.000006512964,0.00005628111,0.7477329,0.2477206,0.0003305663],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":"theoretical_or_conceptual","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9220861,0.009996778,0.0192148,0.040347,0.00256228,0.0002825644,0.000006536137,0.0002008716,0.005303024],"genre_scores_gemma":[0.9906209,0.001741955,0.00002488566,0.0006572022,0.003586053,0.00000426414,0.00000516044,0.00003539549,0.003324237],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.2434373,"threshold_uncertainty_score":0.6652107,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.01195547727604184,"score_gpt":0.2152789505310382,"score_spread":0.2033234732549963,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}