Fundraising and Syndication in the Venture Capital Industry
- Publikations-Art
- Vortrag
- Autoren
- Kuckertz, Andreas
- Erscheinungsjahr
- 2015
- Serie/Bezeichnung
- Leipzig Entrepreneurship Lecture
- Tagungsname
- Accelerate@HHL Conference 2015
- Tagungsort
- Leipzig
- Tagungsdatum
- 10.4.2015
This lecture discusses strategies and tactics of venture capital firms when raising funds from limited partners and investing together with other venture capital firms (syndication). I present a number of published and unpublished studies from my research group that illustrate
- how the fundraising process can be structured,
- how VC firms can compensate missing track record in the fundraising process and
- how especially new entrants to the VC industry can utilize syndication in order to develop successful investments.
The analyses are based on two unique datasets – a cross-sectional global sample of limited partners and a longitudinal sample of syndicated VC investments in Germany. Taken together, the lecture highlights key success factors regarding two important steps in the VC investment process.