BAFI Research Seminar

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

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

Friday, Oct. 11, 2013 from 10:30 a.m. to noon
03 Peter B. Lewis Building
11119 Bellflower Road
Cleveland, OH 44106-7235
United States
Speaker(s): Michael Ewens - Carnegie Mellon Univ.
Sponsored by: Dept. of Banking & Finance
Ewen paper

Share:

Related Events


Loading events…

Interested in learning more about Weatherhead programs? Request more information or apply now, or register for one of over 70 open enrollment courses through Executive Education.

Weatherhead School of Management at Case Western Reserve University cultivates creativity, innovation, and purpose-driven leadership to design a better world.