The sample consists of 1,063 requests for first round VC funding for which the focal venture capitalist (FVC) maintained paper records.11 These paper records include business plans, executive summaries, emails and memos, one page venture summary documents, private placement memoranda, press kits, press releases, related news articles, financial statements, and PowerPoint presentations.All records were preserved as part of the FVC’s internal processes and donated to the business plan archive run by one of the authors after the FVC ceased receiving requests in 2002