The study looked at how venture capitalists help companies go public. They found that venture capitalists focus on specific industries like computers and electronics. Companies backed by venture capitalists tend to have larger IPOs. Venture capitalists help companies go public sooner than they would on their own. They also play a monitoring role by serving on the board and holding a large stake in the company. When investors are less uncertain about a company, the IPO price is lower. This shows that venture capitalists are important for new businesses to succeed.