Standards make everyday life run smoothly. You rarely notice them: the credit card that works in any corner of the world, the Wi-Fi signal that connects a remote village to the cloud, or the vaccine ...

An inside look at an opaque process by Paul Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev Over the past 30 years, venture capital has been a vital source of financing for high-growth ...