TY  - JOUR
T1  - New insights into venture capitalists' activity: IPO and time-to-exit forecast as antecedents of their post-investment involvement
JF  - Journal of Business Venturing
Y1  - 2014
A1  - Gerasymenko,Violetta
A1  - Arthurs,Jonathan
KW  - Strategy & Entrepreneurship
AB  - We examine how VCFs' forecast of an IPO exit affects their breadth of advising and the likelihood<br>of founder–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–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.
CY  - Elsvier
VL  - 29
U2  - a
U4  - 107183048704
ID  - 107183048704
ER  -