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- W1569153604 abstract "We present evidence on venture capitalists’ (VCs) impact on turnover of executives for a sample of nearly 47,000 German high-tech start-ups between 1995 and 2004. We confirm that the presence of VCs increases the probability of a change in the initial executive team. Additionally, we take a closer look on the subsample of venturebacked firms. We find that a small distance between the VCs and the companies they finance and a larger total stake in the company owned by VCs increase the probability of changes in the initial executive teams." @default.
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- W1569153604 date "2007-01-01" @default.
- W1569153604 modified "2023-09-27" @default.
- W1569153604 title "You can't make an omelette without breaking eggs: the impact of venture capitalists on executive turnover" @default.
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