Effects of Venture Capital Syndication Networks on Entrepreneurial Success

Babson College Entrepreneurship Research Conference (BCERC) 2007

Frontiers of Entrepreneurship Research 2007

15 Pages Posted: 6 Dec 2007

See all articles by Jennifer M. Walske

Jennifer M. Walske

Boston University

Andrew Zacharakis

Babson College - Arthur M. Blank Center for Entrepreneurship

Laurel Smith‐Doerr

Boston University

Abstract

Social network research has shown that tie strength affects information dissemination, and that industry embeddedness aids firm performance. Strategy research has also considered how firm status can lead to superior operating results. Combining these two research streams, we ask how venture syndicate participants' status and tie strength influences entrepreneurial firm success. Exploratory interviews were conducted with thirteen venture capitalists (VCs), followed by network and regression analyses using VentureXpert data. Findings suggest that strong-tie venture syndicates increases the likelihood of entrepreneurial firm success. This is the first known study to test status and tie strength, within the domain of venture capital.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Walske, Jennifer M. and Zacharakis, Andrew and Smith-Doerr, Laurel, Effects of Venture Capital Syndication Networks on Entrepreneurial Success. Babson College Entrepreneurship Research Conference (BCERC) 2007; Frontiers of Entrepreneurship Research 2007. Available at SSRN: https://ssrn.com/abstract=1060081

Jennifer M. Walske (Contact Author)

Boston University ( email )

595 Commonwealth Avenue
Boston, MA 02215
United States

Andrew Zacharakis

Babson College - Arthur M. Blank Center for Entrepreneurship ( email )

Babson Park, MA 02457-0310
United States

Laurel Smith-Doerr

Boston University ( email )

595 Commonwealth Avenue
Boston, MA 02215
United States

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