		(1)	(2)
VARIABLES	LABELS	ln(Seed deals/pop)	ln(Lifetime Funding)
			
idx_MinorityInvestors_New	Minority investor protection (0--100)	0.0166**	0.0165**
		(0.00636)	(0.00789)
idx_pol_stability	WGI: Political stability (0--100)	0.0396***	0.00803
		(0.00519)	(0.00560)
nol_cf_years	Tax loss carryforward (years)	0.0878***	0.00704
		(0.0149)	(0.0147)
eff_corp_cgt	Effective capital gains tax rate (pct)	0.00738	-0.00624
		(0.0134)	(0.0142)
cit_rate	Corporate income tax rate (pct)	-0.0472***	0.0221
		(0.0161)	(0.0175)
ln_eq_gdp	Log equity issuance / GDP	0.0250*	0.0629***
		(0.0135)	(0.0155)
Constant	Constant	-2.606***	-0.555
		(0.699)	(0.877)
			
Observations		121	121
R-squared		0.730	0.428
Robust standard errors in parentheses			
*** p<0.01, ** p<0.05, * p<0.1			
