Fund Size, Limited Attention, and Valuation of Venture Capital Backed Firms

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Giants at the Gate: Investment Returns and Diseconomies of Scale in Private Equity (2015, background): “, repeat lenders obtaining more favorable conditions (Demiroglu and James (2010), Ivashina and Kovner (2011)).”
Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, background): “, 2007; Sorensen, 2007; Nahata, 2008), fund size (Kaplan and Schoar, 2005; Cumming, 2008; Cumming and Dai, 2011) and limited attention of the investors (Cumming and Dai, 2011).”
The diminishing signaling value of patents between early rounds of venture capital financing (2014, background): “firm growth (Cumming and Dai, 2011) and in this respect these indicators should approximate”
Success in Global Venture Capital Investing: Do Institutional and Cultural Differences Matter? (2014, unknown): “21In robustness tests, we also control for the lead VC fund’s style drift (Cumming et al. (2009b)), for its size (Cumming and Dai (2011), Humphery-Jenner (2012)), and whether it is the lead VC firm’s initial fund.”
Governmental and independent venture capital investments in Europe: a firm-level performance analysis (2017, background): “First, larger funds may give rise to diseconomies of scale and limited attention problems where fund managers sit on too many boards of directors, not maximizing their value-added provided to any single investee (Cumming and Dai, 2011).”