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Venture Capitalists are Best Kept at a Distance

Posted on July 02, 2009

There is amusing (in an admittedly academic sense) new paper out seemingly showing that venture capitalists obtain a significant portion of their performance by investing in deals outside their local area. That, of course, runs contrary to the usual VC mantra that they only invest in their local area. A cynic (or an entrepreneur) would like say the answer is obvious. Venture capitalists are meddlesome sorts who get in the way of running a company, so startups will do best to the extent that they can keep VCs a few timezones and/or flights away. For some reason the paper s author don t p...

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vc , venture capital