Working Paper2025SSRN

Venture Capital: A Tale of Three Networks

Authors: Ke Shi

Abstract

This paper examines how informal and formal networks shape performance in the venture capital (VC) industry. Using comprehensive data on VC partnerships, the paper studies three distinct networks: syndication networks, alumni networks, and geographic networks, and their relative importance in deal sourcing, due diligence, and value addition.

Keywords

venture capitalnetworkssyndicationentrepreneurshipinformation flow

Tags of Social Finance

#Social Network Structure#Archival Empirical#Manager & Firm Behavior#Investment Decisions (Institutional)