No Exit: A Threat to Venture Capital, Entrepreneurship, and Innovation

Competition Policy International, December 16, 2021

In a blog post for Competition Policy International, Vice Presidents Devin Reilly and David Toniatti, and Professor D. Daniel Sokol (USC Gould School of Law and Marshall School of Business) describe how the venture capital (VC) ecosystem’s cycle of funding, development, exit, and reinvestment has stimulated entrepreneurship and innovation across many industries. The blog post was based on a the authors’ longer white paper, “The Importance of Exit via Acquisition to Venture Capital, Entrepreneurship, and Innovation.”

Read the blog post


Reilly D, Sokol D, Toniatti D