Business, Management and Accounting
4 years ago

Venture capital firms benefit more from diverse syndication partners.

1 view
Journal of Empirical Finance
Birds of a feather or celebrating differences? The formation and impacts of venture capital syndication
Qianqian Du

Paper Summary

The article explores how venture capital firms choose partners to invest with and how this affects their success. They found that venture capital firms tend to team up with partners who are similar to them, which can make things easier but limit learning opportunities. However, in the long run, working with partners who are different can lead to more benefits for the firms.

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