In the venture capital (VC) industry, firms often co-invest with other peers in syndicated deals. The process of syndication is a form of investment alliance that generates networks of VC firms and start-up companies. Despite the prominent role played by syndicates, extant entrepreneurship literature found contradicting evidence on the relationship between the practice of syndication and the performance of both the start-up and the investors. In fact, our understanding of the circumstances under which syndicates have the potential to boost performance, rather than hamper them, is still limited. This book intends to fill this gap and explore the performance dynamics surrounding networks in the venture capital industry. The text also provides introductory knowledge to those interested in network studies and methods.
About the author
Cristiano Bellavitis is assistant professor (lecturer) of innovation and entrepreneurship at the University of Auckland since 2016. After obtaining his doctorate in management from Cass Business School, London, he moved to the Higher School of Economics (Moscow, Russia) and served there from 2014 to 2016. He serves as a chair for the track of Entrepreneurial Finance for European Academy of Management annual conference and was guest editor of Venture Capital: An International Journal of Entrepreneurial Finance. His research interests include network theory, strategic partnering, and interfirm networking in entrepreneurial finance settings and creative industries. His work has been published in leading international journals such as the British Journal of Management, Journal of Small Business Management, Managerial and Decision Economics, Venture Capital, Journal of Management and Organization and Journal of General Management.