Venture Capital Firms: What Drives Success?

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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, and skillsets. VC firms also feature a wide range of investment philosophies, goals, history, and resource sets. Finally, external factors such as geography and culture seem to be correlated with VC activity. This note summarizes some VC research at the individual, firm-wide, and national levels.
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