@article {1968456,
	title = {New insights into venture capitalists{\textquoteright} activity: IPO and time-to-exit forecast as antecedents of their post-investment involvement},
	journal = {Journal of Business Venturing},
	volume = {29},
	year = {2014},
	month = {2014},
	pages = {pages 405-420},
	address = {Elsvier},
	abstract = {We examine how VCFs{\textquoteright} forecast of an IPO exit affects their breadth of advising and the likelihood<br>of founder{\textendash}CEO replacement shortly after they invest in a new venture. Moreover, we examine<br>how the expected time-to-exit moderates these relationships. Our findings show that the<br>likelihood of founder{\textendash}CEO replacement upon receiving venture capital funding is significantly<br>greater if a VCF perceives this company as a potential IPO as opposed to a trade sale, and this<br>likelihood increases if the forecasted time-to-exit is short. We also illustrate how the breadth of<br>advice varies as a function of the forecasted IPO and time-to-exit.},
	keywords = {Strategy \& Entrepreneurship},
	author = {Gerasymenko,Violetta and Arthurs,Jonathan}
}