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  • All HBS Web  (8,817)
    • People  (23)
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  • December 2016
  • Simulation

Venture Capital and Private Equity Game

By: Matthew Rhodes-Kropf, Josh Lerner, G. Felda Hardymon and Nathaniel Burbank
The Venture Capital and Private Equity Simulation enables groups of students to play the role of either an early or later stage private equity firm. Within the simulation, students raise funds, search for companies to invest in, complete deals, and manage a portfolio... View Details
Keywords: Venture Capital; Private Equity
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Rhodes-Kropf, Matthew, Josh Lerner, G. Felda Hardymon, and Nathaniel Burbank. "Venture Capital and Private Equity Game." Harvard Business School Simulation 815-709, December 2016.
  • 2007
  • Other Unpublished Work

Positions of Power and Status: Reciprocity in the Venture Capital Industry

By: Mikolaj Jan Piskorski
This paper proposes a straightforward way of differentiating between central network positions that confer power from those that confer status. I argue that actors achieve high status by receiving numerous exchanges from actors who receive numerous exchanges from... View Details
Keywords: Venture Capital; Power and Influence; Opportunities; Status and Position
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Piskorski, Mikolaj Jan. "Positions of Power and Status: Reciprocity in the Venture Capital Industry." March 2007.
  • Winter 2014
  • Article

Labor Regulations and European Venture Capital

By: Ant Bozkaya and William R. Kerr
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor... View Details
Keywords: Insurance; Labor; Europe
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Bozkaya, Ant, and William R. Kerr. "Labor Regulations and European Venture Capital." Journal of Economics & Management Strategy 23, no. 4 (Winter 2014): 776–810.
  • 06 Nov 2000
  • Research & Ideas

The Determinants of Corporate Venture Capital Success

Corporate-sponsored venture funds first appeared in the 1960s, about two decades after the first flowering of the venture capital industry. Ever since, they have mirrored the... View Details
Keywords: by Paul Gompers & Josh Lerner
  • 20 Dec 2013
  • News

Learning a lesson from venture capital

  • August 2003 (Revised May 2009)
  • Background Note

Basic Venture Capital Formula, The

By: William A. Sahlman and Matthew Willis
Briefly summarizes the process that venture capitalists use to analyze high-risk, long-term investments. Contains information on methods that can be used to calculate valuation, share price, percent ownership, implied valuation, dilution, and option pools. View Details
Keywords: Venture Capital; Risk Management; Mathematical Methods; Valuation
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Sahlman, William A., and Matthew Willis. "Basic Venture Capital Formula, The." Harvard Business School Background Note 804-042, August 2003. (Revised May 2009.)
  • 2018
  • Working Paper

Coordination Frictions in Venture Capital Syndicates

By: Ramana Nanda and Matthew Rhodes-Kropf
An extensive literature on venture capital has studied asymmetric information and agency problems between investors and entrepreneurs, examining how separating entrepreneurs from the investor can create frictions that might inhibit the funding of good projects. It has... View Details
Keywords: Syndication; Venture Capital; Networks; Entrepreneurship
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Nanda, Ramana, and Matthew Rhodes-Kropf. "Coordination Frictions in Venture Capital Syndicates." Harvard Business School Working Paper, No. 17-089, April 2017. (Revised January 2019. Published in The Oxford Handbook of Entrepreneurship and Collaboration.)
  • 2019
  • Chapter

Coordination Frictions in Venture Capital Syndicates

By: Ramana Nanda and Matthew Rhodes-Kropf
An extensive literature on venture capital has studied asymmetric information and agency problems between investors and entrepreneurs, examining how separating entrepreneurs from the investor can create frictions that might inhibit the funding of good projects. It has... View Details
Keywords: Syndication; Frictions; Venture Capital; Networks; Entrepreneurship
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Nanda, Ramana, and Matthew Rhodes-Kropf. "Coordination Frictions in Venture Capital Syndicates." In The Oxford Handbook of Entrepreneurship and Collaboration, edited by Jeffrey J. Reuer, Sharon Matusik, and Jessica F. Jones. New York: Oxford University Press, 2019.
  • April 2023
  • Technical Note

Venture Capital Firms: What Drives Success?

By: Jo Tango and Alys Ferragamo
With the rapid growth of venture capital (“VC”) in recent decades, we might wonder: who succeeds at VC and why? This is a complicated question, as many factors come into play. VC partnerships are comprised of individual investors with varying backgrounds, experiences,... View Details
Keywords: Venture Capital; Investment; Success
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Tango, Jo, and Alys Ferragamo. "Venture Capital Firms: What Drives Success?" Harvard Business School Technical Note 823-115, April 2023.
  • March 2022
  • Article

Gender Gaps in Venture Capital Performance

By: Paul A. Gompers, Vladimir Muhkarlyamov, Emily Weisburst and Yuhai Xuan
We explore gender differences in performance in a comprehensive sample of venture capital investments in the United States. Investments by female venture capital investors have significantly lower success rates than investments by their male colleagues when controlling... View Details
Keywords: Venture Capital; Investment; Performance; Gender
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Gompers, Paul A., Vladimir Muhkarlyamov, Emily Weisburst, and Yuhai Xuan. "Gender Gaps in Venture Capital Performance." Journal of Financial and Quantitative Analysis 57, no. 2 (March 2022): 485–513.
  • 26 Jan 2004
  • Research & Ideas

How Women Can Get More Venture Capital

hypothesis that if there were more women who were venture capitalists then there would be more points of intersection with women entrepreneurs. In our research using information from 1995 and 2000, we documented all the women in the View Details
Keywords: by Mallory Stark & Martha Lagace
  • October 1996 (Revised November 1997)
  • Background Note

Venture Capital and Private Equity: Course Overview

By: Josh Lerner
Provides an overview of the Venture Capital and Private Equity modules. View Details
Keywords: Venture Capital; Private Equity
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Lerner, Josh. "Venture Capital and Private Equity: Course Overview." Harvard Business School Background Note 297-045, October 1996. (Revised November 1997.)
  • October 2005
  • Teaching Note

Venture Capital Game (TN)

By: G. Felda Hardymon and Ann Leamon
Keywords: Venture Capital
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Hardymon, G. Felda, and Ann Leamon. "Venture Capital Game (TN)." Harvard Business School Teaching Note 806-022, October 2005.
  • 1999
  • Book

The Venture Capital Cycle

By: P. Gompers and J. Lerner
Keywords: Venture Capital
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Gompers, P., and J. Lerner. The Venture Capital Cycle. Cambridge, MA: MIT Press, 1999. (Beijing: Economic Science Press, 2001 (Chinese edition). Tokyo: Springer-Verlag Tokyo, 2001 (Japanese edition). Seoul: Kukil Securities and Economics Research Institute, 2001 (Korean edition))
  • Web

Venture Capital Advisors - Entrepreneurship

Tasneem Dohadwala Excelestar Ventures Richard Dulude Co-Founder & General Partner Underscore VC Arjun Goyal Vida Ventures Boston, MA Rick Grinnell Glasswing Ventures Sarah... View Details
  • October 1996 (Revised April 2011)
  • Module Note

Venture Capital and Private Equity: Module III

By: Josh Lerner, G. Felda Hardymon and Ann Leamon
Provides an overview of a module that focuses on existing venture capital and other private equity investments. View Details
Keywords: Venture Capital; Private Equity; Investment
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Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Venture Capital and Private Equity: Module III." Harvard Business School Module Note 297-042, October 1996. (Revised April 2011.)
  • Program

Private Equity and Venture Capital

and Venture Capital raises your level of investment expertise. As you examine the full range of industry models—from venture View Details
Keywords: Finance; Finance
  • 2023
  • Working Paper

Learning by Investing: Entrepreneurial Spillovers from Venture Capital

By: Josh Lerner, Jinlin Li and Tong Liu
This paper studies how investing in venture capital (VC) affects the entrepreneurial outcomes of individual limited partners (LPs). Using comprehensive administrative data on entrepreneurial activities and VC fundraising and investments in China, we first document that... View Details
Keywords: Partners and Partnerships; Entrepreneurship; Venture Capital; Investment; China
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Lerner, Josh, Jinlin Li, and Tong Liu. "Learning by Investing: Entrepreneurial Spillovers from Venture Capital." Harvard Business School Working Paper, No. 24-029, November 2023.
  • 14 Jun 2022

Industry Spotlight: How HBS Helped Me with A Career in Venture Capital

Wonder what an MBA could do to help with your professional growth? Learn from Professor Jeff Bussgang and alumni how HBS helps prepare you for a career in Venture Capital. Our alumni panel will feature Joe Blair, Raviraj Jain, Britt... View Details
  • October 1995
  • Exercise

Venture Capital Method - Valuation Problem Set

By: William A. Sahlman and Andrew S. Janower
Presents a short problem set designed as an introduction to the venture capital method of problem solving. View Details
Keywords: Venture Capital; Valuation
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Sahlman, William A., and Andrew S. Janower. "Venture Capital Method - Valuation Problem Set." Harvard Business School Exercise 396-090, October 1995.
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