01942nas a2200133 4500008004100000245010300041210006900144260000900213520138200222653003201604100002601636700001701662856012901679 2017 eng d00aThe Dynamics of Advice-Giving by Venture Capital Firms: Antecedents of Managerial Cognitive Effort0 aDynamics of AdviceGiving by Venture Capital Firms Antecedents of c20173 aThis study investigates what leads managers to allocate constrained
the cognitive effort towards new versus familiar aspects of a business. We
explore this question in the context of venture capitalists’ (VCs) advice-giving
to their portfolio companies on business topics on which they have
advised other ventures in the past, versus on topics new to the VC that
may be outside their areas of expertise. We use both demand-side
(venture-driven) and supply-side (VC-driven) perspectives to build a novel
theory about the antecedents of cognitive effort underlying advice-giving.
By empirically testing our theory using a novel dataset, we find that both
perspectives explain important aspects of advice-giving dynamics for VCs.
This supports the idea that VCs, facing dynamic environments and capacity
constraints, definitely respond to stimuli from ventures, but also that VCs
change their behavior as they accumulate experience in ways that reflect
expanding confidence in their ability to add value and concerns about overextension
of their efforts, depending on the valence of VC experience. Our
findings provide novel insights to the antecedents of cognitive effort and to
research on the VC-venture relationship by exploring the dynamics of how
these advice-giving relationships evolve over time as VCs gain experience.10aStrategy & Entrepreneurship1 aGerasymenko, Violetta1 aEggers, J.P. u/biblio/dynamics-advice-giving-venture-capital-firms-antecedents-managerial-cognitive-effort00615nas a2200133 4500008004100000245014600041210006900187260000900256490000700265653003200272100002600304700001700330856013400347 2015 eng d00aWhat Makes Venture Capitalists Look Beyond Common Practices? Re-examination Of Organizational Antecedents Through The Behavioral Theory Lens.0 aWhat Makes Venture Capitalists Look Beyond Common Practices Reex c20150 v3510aStrategy & Entrepreneurship1 aGerasymenko, Violetta1 aEggers, J.P. u/biblio/what-makes-venture-capitalists-look-beyond-common-practices-re-examination-organizational00546nas a2200121 4500008004100000245010200041210006900143260000900212653003200221100002600253700001700279856012800296 2014 eng d00aShifting focus: sources of managerial attention to new activities in the venture capital industry0 aShifting focus sources of managerial attention to new activities c201410aStrategy & Entrepreneurship1 aGerasymenko, Violetta1 aEggers, J.P. u/biblio/shifting-focus-sources-managerial-attention-new-activities-venture-capital-industry