How and When Investment Horizons Determine Venture Capital Firms’ Attention Breadth to Portfolio Companies

This study develops and tests a theory about the antecedents of venture capital firms’ (VCs’) attention breadth to their portfolio companies (PFCs). We find that VCs expand their attention breadth but only up to a certain level of expected investment horizons for each PFC, after which attention breadth narrows. We also find that this inverted U-shaped relationship is contingent upon the VC investment horizon dispersion and the number of co-investors in a given PFC. Our research advances the entrepreneurship and venture capital literature and provides novel insight into the broader literature on investment horizons and strategic alliances.

• Publication year

  2020

• Venue

  Entrepreneurship: Theory & Practice

• Publication date

  2020-05-01

• Fields of study

  Business, Economics

• Identifiers
  DOI 10.1177/1042258718824957
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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