Venture Capital Syndication: Synthesis and Future Directions

43 Pages Posted: 22 May 2009

Date Written: May 19, 2009

Abstract

This paper reviews and synthesizes the extant literature on venture capital syndication. By considering the questions of how, why, and when syndication affects the performance of VC firms and their portfolio ventures, we form a schematic structure of the syndication literature and identify areas for further research. The results of the review show that while the venture-level aspects are relatively well understood, the current literature lacks an understanding of how and why syndication affects the performance of VC firms. This suggests that more attention should be directed towards syndication as a component of the overall strategy of VC firms.

Keywords: Venture capital, syndication

JEL Classification: G24

Suggested Citation

Jääskeläinen, Mikko, Venture Capital Syndication: Synthesis and Future Directions (May 19, 2009). Available at SSRN: https://ssrn.com/abstract=1406989 or http://dx.doi.org/10.2139/ssrn.1406989

Mikko Jääskeläinen (Contact Author)

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

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