Fighting for the Best, Losing with the Rest the Perils of Competition in Entrepreneurial Finance∗

Juan G. Castillo HernándezDaniel Wills2026-03-222026-03-22202410.2139/ssrn.4783457https://doi.org/10.2139/ssrn.4783457https://andeanlibrary.org/handle/123456789/84289enRest (music)Competition (biology)BusinessEconomicsFinanceFighting for the Best, Losing with the Rest the Perils of Competition in Entrepreneurial Finance∗preprint