While extant research has shown entrepreneurial activities and their returns are unequally distributed among majority and minority groups, little is known about career trajectories after the entrepreneurial event and whether the bias against minority groups continues. For example, in...

This dissertation examines entrepreneurial activities in the U.S. biotechnology industry. I combine (i) data on founders, scientific advisors and research executives of all U.S. biotechnology firms that have filed IPO prospectuses between 1972 and 2002, and (ii) a random matched sample of 5,000...