Putting these three areas together - value creation, competition, and innovation, it appears that enterprises supported by private venture capital have an overall superior performance. These results are significant even though it is difficult to obtain sufficient data at a precise enough level to draw strong inferences. In principle, it would be desirable to have data about the actual investment provided to each venture by  the different types of venture capitalists, but insufficient information of this type is available. Given the available information, we find our results to be strongly suggestive, albeit far from definitive.