180,936 research outputs found

    10-0513 MATTHEW W. WASSERMAN, M.D. v. GUGUL

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    10-0513 
Matthew W. Wasserman, M.D. v. Christina Bergeron Gugel
 from Harris County and the 14th District Court of Appeals, Houston
 For petitioner: Holly H. Williamson, Houston 
For respondent: Reginald E. McKamie, Houston
 For Amicus Curiae: Christophe

    The First Deal: The Division of Founder Equity in New Ventures

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    This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical analysis we develop a simple theory of costly bargaining, where founders trade off the simplicity of accepting an equal split, with the costs of negotiating a differentiated allocation of founder equity. We test the predictions of the theory on a proprietary dataset comprised of 1,476 founders in 511 entrepreneurial ventures. The empirical analysis consists of three main steps. First we consider determinants of equal splitting. We identify three founder characteristics –idea generation, prior entrepreneurial experience and founder capital contributions – regarding which greater team heterogeneity reduces the likelihood of equal splitting. Second, we show that these same founder characteristics also significantly affect the share premium in teams that split the equity unequally. Third, we show that equal splitting is associated with lower pre-money valuations in first financing rounds. Further econometric tests suggest that, as predicted by the theory, this effect is driven by unobservable heterogeneity, and it is more pronounced in teams that make quick decisions about founder share allocations. In addition we perform some counterfactual calculations that estimate the amount of money ‘left on the table’ by stronger founders who agree to an equal split. We estimate that the value at stake is approximately 10% of the firm equity, 25% of the average founder stake, or $450K in net present value.

    R. Zachary Wasserman: Mayor's Man wasserman_zack

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    Sarah Wasserman Rajec on the Property Law Misfit in Patent Law

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    In this episode, Sarah Wasserman Rajec, Associate Professor of Law at the College of William & Mary Marshall-Wythe School of Law, discusses her new article The Property Law Misfit in Patent Law. She argues that in various circumstances, the animating principles of patent law are best served by departing from otherwise frequent reliance on property law analogies. In her article, Professor Rajec engages with a growing literature that revisits patent law’s place within property law. Using recent Supreme Court patent decisions that range in subject matter from remedies to commercial law to administrative adjudication, she concludes that property law is a useful starting point in patent law questions, but that the eventual answers often lie elsewhere. Professor Rajec’s article is forthcoming in the Cardozo Law Review

    Psychopathology is associated with reproductive health risk in European adolescents

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    The SEYLE project was funded by the European Union Seventh Framework Program (FP7; HEALTH-F2–2009-223091; PI, Professor D. Wasserman MD PhD, NASP).Gambadauro, P., Carli, V., Wasserman, C., Hadlaczky, G., Sarchiapone, M., Apter, A., Balazs, J., Bobes, J., Brunner, R., Cosman, D., Haring, C., Hoven, C.W., Iosue, M., Kaess, M., Kahn, J.P., McMahon, E., Postuvan, V., Värnik, A., Wasserman, D

    Minimax Manifold Estimation

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    We find the minimax rate of convergence in Hausdorff distance for estimating a manifold M of dimension d embedded in R-D given a noisy sample from the manifold. Under certain conditions, we show that the optimal rate of convergence is n(-2/(2+d)). Thus, the minimax rate depends only on the dimension of the manifold, not on the dimension of the space in which M is embedded

    Appropriate Similarity Measures for Author Cocitation Analysis

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    We provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis

    Jews, Gentiles, and Other Animals The Talmud after the Humanities

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    In Jews, Gentiles, and Other Animals, Mira Beth Wasserman undertakes a close reading of Avoda Zara, arguably the Babylonian Talmud's most scandalous tractate. According to Wasserman, Avoda Zara is where this Talmud joins the humanities in questioning what it means to be a human.Cover -- Contents -- A Note on Sources, Usage, and Transliteration -- Introduction -- 1. The Sense of a Beginning -- 2. Jews, Gentiles, and Other Animals -- 3. Leaky Vessels -- 4. Ethics and Objects -- 5. The Last Laugh -- Notes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z -- AcknowledgmentsIn Jews, Gentiles, and Other Animals, Mira Beth Wasserman undertakes a close reading of Avoda Zara, arguably the Babylonian Talmud's most scandalous tractate. According to Wasserman, Avoda Zara is where this Talmud joins the humanities in questioning what it means to be a human.Description based on publisher supplied metadata and other sources.Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, YYYY. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries

    Exotic Nations

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    In this highly original and critically informed book, Renata R. Mautner Wasserman looks at how, during the first decades following political independence, writers in the United States and Brazil assimilated and subverted European images of an "exotic" New World to create new literatures that asserted cultural independence and defined national identity. Exotic Nations demonstrates that the language of exoticism thus became part of the New World’s interpretation of its own history and natural environment
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