#4919. The effect of venture capitalists straying from their industry comfort zones

August 2026publication date
Proposal available till 02-06-2025
4 total number of authors per manuscript0 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Business and International Management;
Management of Technology and Innovation;
Places in the authors’ list:
place 1place 2place 3place 4
FreeFreeFreeFree
2350 $1200 $1050 $900 $
Contract №4919.1 Contract №4919.2 Contract №4919.3 Contract №4919.4
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)

Abstract:
I empirically test and find evidence that venture capital industry experience is more informative and impactful in venture capital investment when measured at the low non-aggregated industry level. Additional evidence shows that venture capital investments made outside of a venture capitalists preferred investment industry suffer from significant decreases in exit success likelihood. This effect becomes stronger the more distant the investment industry is from the venture capitalists preferred investment industry.
Keywords:
Industry experience; Specialization; Venture capital

Contacts :
0