Jackson, William E.; Bates, Timothy; Bradford, William D. - In: Journal of Business Venturing 27 (2012) 3, pp. 342-354
We investigate whether venture capitalist (VC) activism is associated with higher investment returns. Advising portfolio firms is time consuming and creates tradeoffs between intensity of VC activism and portfolio size. As the number of assisted firms expands, advice can be stretched too thin,...