Networks and syndication strategies: Does a venture capitalist need to be in the center?

Does Venture Capital Syndication Spur Employment Growth and Shareholder Value? Evidence from German IPO Data

This study examines empirically the syndication of equity by multiple venture capitalists in Germany. Following the literature, there are mainly two competing views as to why venture capitalists syndicate investments. First, syndication can be viewed as a means of risk-sharing. Second, venture capitalists may provide important productive resources to firms, capital and information. We test hypo...

Empirical Evidence on Governance Mechanisms, Syndication Activities, and Partner Selection Strategies in Venture Capital Financing

Geographical and Institutional Distances in Venture Capital Deals: How Syndication and Experience Drive Internationalization Patterns

Drawing on a novel dataset of worldwide venture capital deals, we investigate how venture capitalists (VCs) overcome the complexity of investing in geographically and institutionally distant regions. Our results indicate that syndicating with local VCs is a common way for foreign VCs to gain deal access, overcome the complexity of investing in distant regions and offset their lack of within-cou...

Syndication in Venture Capital

OF DOCTORAL DISSERTATION HELSINKI UNIVERSITY OF TECHNOLOGY P.O. BOX 1000, FI-02015 TKK http://www.tkk.fi Author Mikko Samuel Jääskeläinen Name of the dissertation Syndication in venture capital Manuscript submitted 27.2.2009 Manuscript revised 13.5.2009 Date of the defence 9.6.2009 Monograph Article dissertation (summary + original articles) Faculty Information and Natural Sciences Department I...

The Regional Supply of Venture Capital - Can

We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a portfolio firm seem to be overcome by syndication of investments with one of the VC firms located clo...