In a blog post for Columbia Law School’s Blue Sky Blog, Vice Presidents Devin Reilly and David Toniatti, and Professor D. Daniel Sokol (USC Gould School of Law and Marshall School of Business) describe how the venture capital (VC) ecosystem’s cycle of funding, development, exit, and reinvestment has stimulated entrepreneurship and innovation across many industries. The blog post was based on the authors’ longer white paper, “The Importance of Exit via Acquisition to Venture Capital, Entrepreneurship, and Innovation.”
Associated People
Devin Reilly
Dr. Reilly specializes in the application of economic and financial analysis to litigation, regulatory investigations, and consulting efforts in a range of areas, including antitrust and competition, finance and securities, class certification, and intellectual property (IP). He has conducted economic analyses and led case teams in support of academic and industry experts. Dr. Reilly’s antitrust and competition case work includes analyzing market definition and competitive effects, two-sided markets, damages, and class certification, as well as supporting parties’ compliance with merger and investigative requests. His experience also includes analyzing lost profits, reasonable royalties, and commercial success in IP cases; evaluating materiality of disclosures in securities litigations; supporting industry experts in financial services matters; and analyzing class certification in technology, finance, and other industries. Dr. Reilly has worked on behalf of both the US government and prominent firms in industries such as technology, telecommunications, e-commerce, financial services, pharmaceuticals and medical devices, and manufacturing. His research on corporate governance, innovation and entrepreneurship, and public economics has been published in The Review of Financial Studies, among other publications. He currently serves as the Young Economist Representative for the American Bar Association’s Antitrust Magazine. Dr. Reilly received the Joel Popkin Graduate Student Teaching Prize in Economics and the Lawrence Robbins Prize in Economics, both from the University of Pennsylvania.