Buchner, Axel; Mohamed, Abdulkadir; Yoon, Hyungseok David - In: Small Business Economics 65 (2025) 4, pp. 2331-2360
We study the effect of repeated venture capital (VC) syndication on VC investment performance. We posit that repeated syndication is positively associated with stagnant investment returns but negatively associated with high investment returns. Using a large dataset from 1985 through 2017, we...