Start-up Teams and Venture Capital Exit Performance in Germany: venture capital firms are not selecting on the right criteria
Research output: Journal contributions › Journal articles › Research › peer-review
Authors
This paper identifies predictors of venture capital exit performance that are related to the founding teams of young ventures. As portfolio companies of venture capital firms are a very unique subgroup of young ventures, and as exit performance is a success variable that is only rarely examined, this study provides new insights from an investor's point of view. Based on data from 64 non-disclosed business plans of portfolio companies from German venture capital firms, we prove known team-related success factors for their potential to drive exit returns. We find that venture capital firms are not selecting on the right criteria.
| Original language | English |
|---|---|
| Journal | Journal of Small Business and Entrepreneurship |
| Volume | 26 |
| Issue number | 6 |
| Pages (from-to) | 601-622 |
| Number of pages | 22 |
| ISSN | 0827-6331 |
| DOIs | |
| Publication status | Published - 01.11.2013 |
- Management studies - human capital, venture capital, venture capital returns, exit performance, success predictors, success factors, team, education, experience, german market
- Entrepreneurship