Using a knowledge-based perspective, we examine determinants of outcomes of venture capital investments. We focus on the effects on investment performance of venture capital firms' (VCFs') (1) specialization in terms of industry and development stage and (2) involvement in investment syndicates....

Explores when and if venture capitalists add value to the firms that they back. Focus in this analysis is on context and the venture capitalist-CEO relationship. Value is considered from the viewpoint of the venture's CEO and the lead venture capital investor. Data used were collected through...