Specialization and Success: Evidence from Venture Capital

By Paul A. Gompers, A. Kovner, Josh Lerner. 2009

327 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/51fc8fd1365df9d8aede19456e9f8347431cbb31

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Citations in the corpus

Performance persistence in entrepreneurship (2010, unknown): “Gompers et al. / Journal of Financial Economics 96 (2010) 18–32 19”
The Role of Venture Capital Syndication in Value Creation for Entrepreneurial Firms (2012, background): “…structure (Gompers, 1995; Tian, 2011), reputation (Nahata, 2008), professionalization of managers (Hellmann and Prui 2002), industry expertise (Gompers, Kovner, and Lerner, 2009; Chemmanur, Loutskina, and Tian, 2011), market timing ability (Lerner 1994b), and network positions (Hochberg,…”
Venture Capital Reputation, Post-IPO Performance and Corporate Governance (2009, methodology): “To more completely separate a VC’s portfolio firm selection effect from the impact of a VC’s value-added activities in the post-IPO period, we implement a standard Heckman (1979) 2-step selection procedure. In the 1st step we estimate a probit model to predict the likelihood of an investment by a hi”
Tolerance for Failure and Corporate Innovation (2014, unknown): “…positions can all increase the value of VC-backed startup firms (see Gompers 2007 for a survey of this literature, the latest studies include Hochberg, Ljungqvist, and Lu 2007, Sorensen 2007, Bottazzi, Da Rin, and Hellmann 2008, Gompers, Kovner, and Lerner 2009, and Puri and Zarutskie 2009).”
Venture Capital and Other Private Equity: A Survey (2011, unknown): “Also see (Gompers et al. 2009).”
Governmental venture capital in Europe: Screening and certification (2016, background): “In the models regarding the receipt of a second round of PVC and successful exit (Hypotheses 2 and 3, respectively), we control for the amount that is invested by PVC (Lerner 1994a) and PVC experience (Gompers et al. 2009).”
Is a VC Partnership Greater than the Sum of Its Partners (2014, unknown): “2In a complementary paper, Gompers et al. (2010) use similar data to address whether the entrepreneurs receiving VC have”
Entrepreneurship and public policy (2009, unknown): “The industry itself then designed a number of efficient incentive schemes to 85 See, e.g., Gompers and Lerner (2004) or Gompers et al. (2009).”
A portfolio perspective on entrepreneurship and economic development (2015, unknown): “Even venture capitalists, who, as a rule, only invest once a business has established revenues and what appears to be a working and potentially scalable business model, have a relatively low success record in terms of picking the major winners (Gompers et al. 2009; Michel 2014).”
Equity crowdfunding, shareholder structures, and firm performance (2018, unknown): “component of Seedrs’ two-layered fee structure—similar to the “carried interest” in the venture capital setting (Gompers et al., 2009)—ensures that the interests of Seedrs (as a nominee) are aligned with those of crowd investors.”