Antecedents and Consequences of Venture Capital Syndication
作者： Oliver Gottschalg , Violetta Gerasymenko
DOI: 10.2139/SSRN.1095033
关键词:
摘要: Syndication has become a widely used investment strategy for venture capital funds. Meanwhile its drivers and impact on the funds' performance remains poorly understood. The present study draws large unique dataset of characteristics 57741 rounds 1104 It first analyses antecedents syndication at initial subsequent stages venture's life. We identify experience, experience financial resources as important predictors syndication. then explore fund find that funds with higher proportion syndicated deals well an early-stage focus syndicating late-stage perform better.
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