{"id":"W4238172200","doi":"10.3386/w23895","title":"Squaring Venture Capital Valuations with Reality","year":2017,"lang":"en","type":"report","venue":"National Bureau of Economic Research","topic":"Private Equity and Venture Capital","field":"Business, Management and Accounting","cited_by":29,"is_retracted":false,"has_abstract":true,"ca_institutions":"University of British Columbia","funders":"Social Sciences and Humanities Research Council of Canada; Stanford Graduate School of Business","keywords":"Venture capital; Social venture capital; Business; Finance; Economics","routes":{"ca_aff":true,"ca_fund":true,"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":[0.005911652,0.0002601758,0.0004799149,0.0008622091,0.000551887,0.0005221327,0.001013995,0.0003814489,0.0006206998],"category_scores_gemma":[0.001771686,0.0002395553,0.0001942288,0.00014029,0.0003771608,0.001111277,0.0005607935,0.000943481,0.0004362006],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0009977325,"about_ca_system_score_gemma":0.002991366,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.005468293,"about_ca_topic_score_gemma":0.001216288,"domain_scores_codex":[0.9962714,0.00003520876,0.0005347175,0.0005733409,0.002141949,0.0004434185],"domain_scores_gemma":[0.9952578,0.0002331898,0.000788192,0.0006209009,0.003069471,0.00003047914],"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":[0.000121014,0.0001993819,0.004069101,0.0009908391,0.0004190602,0.00002064511,0.00005408982,0.0006029324,0.00003413948,0.714587,0.2771271,0.001774699],"study_design_scores_gemma":[0.001080608,0.00006873067,0.0192894,0.0005959407,0.000124882,0.00002353069,0.0001376042,0.001276826,0.00003474066,0.6348866,0.3418262,0.0006549137],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":"theoretical_or_conceptual","genre_codex":"other","genre_gemma":"empirical","genre_scores_codex":[0.01235336,0.0004293296,0.00001315804,0.002113348,0.0009836876,0.0006424912,0.00008179036,0.00003982868,0.983343],"genre_scores_gemma":[0.9853368,0.0001815564,0.00004370964,0.00003835434,0.006542096,0.00008608943,0.001687404,0.00005351879,0.00603044],"genre_candidate":"empirical","genre_consensus":null,"teacher_disagreement_score":0.9773126,"threshold_uncertainty_score":0.976878,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.4641914253348755,"score_gpt":0.5092674111831412,"score_spread":0.04507598584826572,"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."}}