Networking as a Barrier to Entry and the Competitive Supply of Venture Capital

By Yael V. Hochberg, Alexander P. Ljungqvist, Yang-Kai Lu. 2010

331 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/8d0ad42d10887d65e212e371a7cf034921ae0f2d

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In Management of Technology and Innovation

Citations in the corpus

Political Connections and Allocative Distortions (2015, neutral): “In terms of the second stage of the allocation process, the connection between state and private firm CEOs, evidence on allocative distortions due to social connections has been documented even for countries with low perceived corruption, such as Germany (Haselmann et al. 2017) or the U.S. (Hochberg”
Ethnic matching in the U.S. venture capital market (2015, background): “…(Kaplan & Stromberg, 2003, 2004; Bengtsson & Sensoy, 2011), experiment with new investment types (Sorensen, 2008), are actively involved in their portfolio companies (Lerner, 1995; Hellmann & Puri, 2002), and syndicate deals with other trusted VCs (Lerner, 1994; Hochberg et al., 2007, 2010).”
Venture Capital and Other Private Equity: A Survey (2011, neutral): “Kaplan and Schoar (2005) document that GPs whose funds outperform the industry in one fund are likely to outperform the industry in the next and vice versa.”
The Importance of Trust for Investment: Evidence from Venture Capital (2016, background): “[26] Hochberg, Yael, Alexander Ljungqvist, and Yang Lu (2006b) ’Networking as a barrier to entry and competitive supply of venture capital,’ mimeo, Northwestern University.”
The Strength of Strong Ties in an Emerging Industry: Experimental Evidence of the Effects of Status Hierarchies and Personal Ties in Venture Capitalist Decision Making: The Strength of Strong Ties (2015, neutral): “The venture capital context, composed of dense interpersonal networks segmented by geography (Hochberg et al., 2010), allows us to explore the moderating effect of individual experience and market differences.”
Cross-border venture capital investments in Asia: Selection and exit performance (2012, background): “Sorenson and Stuart (2001) and Hochberg et al. (2007) show that VCs’ networking helps overcome frictions with distance and enhances VC fund exit performance in the U.”