Venture Capital Funds and the Public Equity Market

@article{Mckenzie2011VentureCF,
  title={Venture Capital Funds and the Public Equity Market},
  author={M. D. Mckenzie and William H. Janeway},
  journal={ERN: Venture Capital (Topic)},
  year={2011}
}
This paper considers the relationship between the public equity market and the returns to venture investing using a dataset which is derived from the records of two large limited partners who have been investing in venture capital for almost 30 years. Evidence is found to suggest that market conditions over the investment cycle, and exit conditions at the time of exit in particular, are an important determinant. This paper also investigates whether any other aspects of the venture investment… 
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