Heterogeneity in entrepreneurial entry has often been examined through the lens of the differences in founders’ prior knowledge, especially prior work experience. In the context of this literature, scholars have argued that small firms (relative to large firms) facilitate the acquisition of...

We build a new concordance between the NBER Patent Data and US Census micro-data, and use it to examine what happens when firms patent. We find strong evidence that increases in patent stock are associated with increases in firm size and scope as well as with changes in factor intensity. We find...