Florian Scheuer
@florianscheuer.bsky.social
UBS Professor of Economics, University of Zurich. Department Chair @uzh-econ.bsky.social
www.econ.uzh.ch/scheuer
www.econ.uzh.ch/scheuer
This provides downside insurance: the share of founders who receive any positive exit payoff increases from 16% to 47%. This insurance is actuarially unfair but still potentially attractive for risk-averse founders.
8/10
8/10
November 25, 2025 at 10:14 AM
This provides downside insurance: the share of founders who receive any positive exit payoff increases from 16% to 47%. This insurance is actuarially unfair but still potentially attractive for risk-averse founders.
8/10
8/10
What happens if you tax unrealized gains?
First, it dilutes the successful founders. On average, founder ownership at exit falls by 25%. At the top, payoffs fall by a factor of three.
6/10
First, it dilutes the successful founders. On average, founder ownership at exit falls by 25%. At the top, payoffs fall by a factor of three.
6/10
November 25, 2025 at 10:14 AM
What happens if you tax unrealized gains?
First, it dilutes the successful founders. On average, founder ownership at exit falls by 25%. At the top, payoffs fall by a factor of three.
6/10
First, it dilutes the successful founders. On average, founder ownership at exit falls by 25%. At the top, payoffs fall by a factor of three.
6/10
While entrepreneurship is very attractive to risk-neutral founders (equivalent to an annual salary of about $460k), risk-averse founders value it at a steep discount.
5/10
5/10
November 25, 2025 at 10:14 AM
While entrepreneurship is very attractive to risk-neutral founders (equivalent to an annual salary of about $460k), risk-averse founders value it at a steep discount.
5/10
5/10
We collect new data on the payoff distribution of founders of VC-backed startups in the US.
It’s extremely skewed: 84% end up with zero exit value, the top 2% get 80% of the total value, and the distribution has a very thick Pareto tail.
4/10
It’s extremely skewed: 84% end up with zero exit value, the top 2% get 80% of the total value, and the distribution has a very thick Pareto tail.
4/10
November 25, 2025 at 10:14 AM
We collect new data on the payoff distribution of founders of VC-backed startups in the US.
It’s extremely skewed: 84% end up with zero exit value, the top 2% get 80% of the total value, and the distribution has a very thick Pareto tail.
4/10
It’s extremely skewed: 84% end up with zero exit value, the top 2% get 80% of the total value, and the distribution has a very thick Pareto tail.
4/10
I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.
🧵 1/7
🧵 1/7
October 10, 2025 at 9:01 AM
I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.
🧵 1/7
🧵 1/7
Very happy to be at the University of Minnesota today and looking forward to this event!
cla.umn.edu/economics/ne...
Join us at the HHEI Fall Roundtable where we will explore the potential benefits and challenges of wealth taxes, and recent lessons from experiences in Norway and Switzerland.
cla.umn.edu/economics/ne...
Join us at the HHEI Fall Roundtable where we will explore the potential benefits and challenges of wealth taxes, and recent lessons from experiences in Norway and Switzerland.
September 25, 2025 at 1:07 PM
Very happy to be at the University of Minnesota today and looking forward to this event!
cla.umn.edu/economics/ne...
Join us at the HHEI Fall Roundtable where we will explore the potential benefits and challenges of wealth taxes, and recent lessons from experiences in Norway and Switzerland.
cla.umn.edu/economics/ne...
Join us at the HHEI Fall Roundtable where we will explore the potential benefits and challenges of wealth taxes, and recent lessons from experiences in Norway and Switzerland.
Inspiring keynote on “What Undermines Democracy” yesterday by Nobel Laureate Jim Robinson of the University of Chicago at our Annual Research Night! @econ.uzh.ch
September 24, 2025 at 9:11 PM
Inspiring keynote on “What Undermines Democracy” yesterday by Nobel Laureate Jim Robinson of the University of Chicago at our Annual Research Night! @econ.uzh.ch
A warm welcome to our new junior faculty colleagues Martina Pons and @carmenvillaecon.bsky.social who join us at @econ.uzh.ch today!
September 1, 2025 at 8:25 AM
A warm welcome to our new junior faculty colleagues Martina Pons and @carmenvillaecon.bsky.social who join us at @econ.uzh.ch today!
Congrats Nicola!
August 30, 2025 at 8:55 AM
Congrats Nicola!
Congratulations Michael!
July 10, 2025 at 7:38 PM
Congratulations Michael!
Congrats Gabriele!
May 23, 2025 at 4:52 AM
Congrats Gabriele!
Always great to be back! @mitpress.bsky.social @ivanwerning.bsky.social
March 6, 2025 at 6:10 PM
Always great to be back! @mitpress.bsky.social @ivanwerning.bsky.social
Based on extremely detailed (product-level) data, he finds the answer to be yes, with some interesting dynamics (see graph). Jannik also has other great papers, including one on optimal short-time work programs and on inflation expectations, with a r&r from the JME!
November 17, 2023 at 4:02 PM
Based on extremely detailed (product-level) data, he finds the answer to be yes, with some interesting dynamics (see graph). Jannik also has other great papers, including one on optimal short-time work programs and on inflation expectations, with a r&r from the JME!