Venture Capital Investors and Portfolio Firms

219 Pages Posted: 18 Jan 2014

See all articles by Sophie Manigart

Sophie Manigart

Vlerick Business School; Ghent University

Mike Wright

Imperial College London

Date Written: March 16, 2013

Abstract

The principal goal of this monograph is to provide an overview of relevant aspects and research findings pertaining to the period after the venture capital firm (also known as venture capitalist or VC) has made the decision to invest in a particular portfolio company (or entrepreneur). Drawing principally upon refereed journal papers in entrepreneurship, finance, and management, our review is divided into six principal areas: (1) what venture capital firms do, (2) the impact of VCs on portfolio firms and other stakeholders, (3) the role of syndication, (4) the nature and timing of exit from VC investment, (5) the role of VCs in portfolio companies that undergo an initial public offering (IPO), and (6) the returns from investing in VC. The monograph concludes with a detailed outline of an agenda for further research. We provide a summary of the main papers in this literature in a set of tables in which we identify the authors, publication date, the journal, the main research question, the theoretical perspective, data, and the principal findings.

Keywords: venture capital, VC process, syndication, initial public offering

JEL Classification: G24, L26

Suggested Citation

Manigart, Sophie and Wright, Mike, Venture Capital Investors and Portfolio Firms (March 16, 2013). Foundations and Trends in Entrepreneurship Vol. 9, No. 4-5, 2013. Available at SSRN: https://ssrn.com/abstract=2380313

Sophie Manigart (Contact Author)

Vlerick Business School ( email )

Reep 1
Ghent, BE-9000
Belgium

Ghent University ( email )

Sint-Pietersplein 7
Gent, 9000
Belgium

Mike Wright

Imperial College London ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

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