Add to Calendar 10/11/2013 10:30:00 10/11/2013 12:00:00 15 BAFI Research Seminar This paper investigates whether individual venture capitalists have repeatable investment skill and to what extent their skill is impacted by the VC firm where they work. We examine a unique dataset that tracks the performance of individual venture capitalists’ investments across time and as they move between firms. We find evidence of skill and exit style differences even among venture partners investing at the same VC firm at the same time. Furthermore, our estimates suggest the partner’s human capital is two to five times more important than the VC firm’s organizational capital in explaining performance Contact Information: Tedda Nathan Dept. Administrator txn2@case.edu 216-368-2040 216-368-6249 03 Peter B. Lewis Building, 11119 Bellflower Road, Cleveland, OH, 44106-7235, United States Dept. of Banking & Finance txn2@case.edu MM/DD/YYYY

BAFI Research Seminar

Is a VC Partnership Greater Than the Sum of its Partners?

Sponsored by: Dept. of Banking & Finance

Speaker(s): Michael Ewens - Carnegie Mellon Univ.

Date & Time: Friday, Oct. 11, 2013 from 10:30 a.m. to Noon

This paper investigates whether individual venture capitalists have repeatable

investment skill and to what extent their skill is impacted by the VC firm

where they work. We examine a unique dataset that tracks the performance

of individual venture capitalists’ investments across time and as they move

between firms. We find evidence of skill and exit style differences even among

venture partners investing at the same VC firm at the same time. Furthermore,

our estimates suggest the partner’s human capital is two to five times

more important than the VC firm’s organizational capital in explaining performance

Contact Information:
Tedda Nathan
Dept. Administrator
txn2@case.edu
216-368-2040
216-368-6249

Location
03 Peter B. Lewis Building
11119 Bellflower Road
Cleveland, OH 44106-7235
United States

Attachment: Ewen paper

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