VENTURE CAPITALISTS’ INFLUENCES ON START-UP SUCCESS VERSUS FAILURE (SUMMARY)

Elaine Mosakowski, University of Colorado at Boulder at Boulder, USA
Markus Fitza, University of Colorado at Boulder at Boulder, USA
Sharon F. Matusik, University of Colorado at Boulder at Boulder, USA

Abstract

Do venture capitalists (VCs) influence whether their portfolio companies succeed or fail? How do they exert this influence? Researchers have examined how VC involvement affects IPO underpricing, perceptions of success, access to networks, management and governance expertise, and professionalization of marketing and distribution efforts (e.g., Kaplan and Stromberg, 2002; Gompers 1995; Lerner 1995, Sapienza, 1992; Baum and Silverman, 2004). Yet we know surprisingly little about how VCs systematically influence the ultimate outcomes of start-up firms.

Recommended Citation

Mosakowski, Elaine; Fitza, Markus; and Matusik, Sharon F. (2008) "VENTURE CAPITALISTS’ INFLUENCES ON START-UP SUCCESS VERSUS FAILURE (SUMMARY)," Frontiers of Entrepreneurship Research: Vol. 28: Iss. 3, Article 11.
Available at: http://digitalknowledge.babson.edu/fer/vol28/iss3/11