The Optimal Portfolio of Start-Up Firms in Venture Capital Finance

A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes unprofitable

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Year of publication:	[2004]
Authors:	Kanniainen, Vesa
Other Persons:	Keuschnigg, Christian (contributor)
Publisher:	[2004]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2000 erstellt
Other identifiers:	10.2139/ssrn.257791 [DOI]
Classification:	D82 - Asymmetric and Private Information ; G24 - Investment Banking; Venture Capital; Brokerage ; G32 - Financing Policy; Capital and Ownership Structure ; L9 - Industry Studies: Transportation and Utilities
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012786258