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Many financial markets are characterized by strong relationships and networks, rather than arm's-length, spot market transactions. We examine the performance consequences of this organizational structure in the context of relationships established when VCs syndicate portfolio company investments. We find that better-networked VC firms experience(More)
and seminar participants at various universities and conferences, for comments and discussion. We acknowledge funding support from the Mack Center at Wharton, the Intellectual Property Research Institute of Australia and the Australian Research Council. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the(More)
Cytokine synthesis inhibitory factor (CSIF; interleukin-10), a product of mouse TH2 T cell clones that inhibits synthesis of cytokines by mouse TH1 T cell clones, exhibits extensive sequence similarity to an uncharacterized open reading frame in the Epstein-Barr virus BCRF1. Recombinant BCRF1 protein mimics the activity of interleukin-10, suggesting that(More)
The views expressed herein are the authors' responsibility and do not necessary reflect those of the ABSTRACT I empirically study the effect of venture capital (VC) on product development and commercialization strategy of start-up organizations. In doing so, I segment entrant commercialization strategies into two camps according to competitive effect: to "(More)
W e empirically examine the innovation consequences of organizational knowledge brokering, the ability to effectively apply knowledge from one technical domain to innovate in another. We investigate how organizational innovation outcomes vary by founders' initial mode of venture ideation. We then compare how firms established with knowledge-brokering-based(More)
  • Ola Bengtsson, David H Hsu, D H Hsu
  • 2013
a r t i c l e i n f o a b s t r a c t We document the role of entrepreneurial founder and venture capital (VC) partner co-ethnicity in shaping investment relationships. Co-ethnicity increases the likelihood that a VC firm invests in a company. Conditional on investment, co-ethnicity strengthens the degree of involvement by raising the likelihood of VC board(More)