Considering the risk-taking behaviour of VCs and their expectation for higher returns, this paper investigates VCs' investment criteria. Two broad hypotheses tested in a structural equation modelling show that the managerial, market, product, and entrepreneurial characteristics positively affect...

This article investigates how venture capital is related to the growth of VC-backed firms. After controlling the effect of a firm’s age, we found that operational, financial, marketing and otherservices strongly affect the growth of VC-backed firms, while the managerial services are weakly...