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Does whom you know matter in venture capital networks?
This research brief investigates the impact of venture capital (VC) networks on investment performance, drawing from a study by Hochberg et al. (2007) analyzing over 3,000 VC firms. The findings reveal that networking significantly enhances portfolio success, measured by survival to additional funding rounds or successful exits (e.g., IPOs, acquisitions). Key network characteristics—such as connections to well-established VCs, incoming co-investment requests, and outgoing deal offers—positively influence performance, with ties to highly connected VCs proving most impactful. Surprisingly, acting as an intermediary between other VCs yielded weaker results, suggesting direct collaboration drives greater value. The study also highlights that network benefits persist independently of fund size, experience, or market conditions, emphasizing the enduring role of social capital in VC success. For entrepreneurs, these insights underscore the importance of targeting well-networked VCs, while VC firms can leverage strategic partnerships to amplify deal flow and returns. Ultimately, the research reframes networking as a performance multiplier, where reciprocity and quality connections outweigh mere connectivity.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AMP2104 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Briarcliff Manor, NY: Academy of Management 2007 |
|---|---|
| Edisi | Vol. 21, No. 4, Nov., 2007 |
| Subjek | Social capital investment performance Entrepreneurial finance venture capital networks VC Firm Connections portfolio success |
| ISBN/ISSN | 15589080 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 2 p. |
| Info Detail Spesifik | Academy of Management Perspectives |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |