Mikko Jääskeläinen

Allocation of attention to portfolio companies and the performance of venture capital firms

This article proposes that the attention allocated by venture capitalists to portfolio companies impacts their performance. The article develops arguments for optimal portfolio size and for the moderating roles of syndication frequency and role. The hypotheses receive support from analyses employing longitudinal data of the leading U.S. venture capital firms. Our results indicate the value of venture capitalist involvement and give guidance for its optimal allocation and syndication.

Venture Capital Syndication: Synthesis and Future Directions

This paper reviews and synthesizes the extant literature on venture capital syndication. By considering the questions of how, why, and when syndication affects the performance of VC firms and their portfolio ventures, we form a schematic structure of the syndication literature and identify areas for further research. The results of the review show that while the venture-level aspects are relatively well understood, the current literature lacks an understanding of how and why syndication affects the performance of VC firms. This suggests that more attention should be directed towards syndication as a component of the overall strategy of VC firms.

Venture Capital Syndication: Synthesis and future directions: Venture Capital Syndication

This paper reviews and synthesizes the extant literature on venture capital syndication. By considering the questions of how, why and when syndication affects the performance of venture capitalist (VC) firms and their portfolio ventures, a schematic structure of the syndication literature is formed and areas for further research are identified. The results of the review show that, while the venture�?level aspects are relatively well understood, the current literature lacks an understanding of how and why syndication affects the performance of VC firms. This suggests that more attention should be directed towards syndication as a component of the overall strategy of VC firms.