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Author: | Hellmann, T. Puri, M. |
Title: | Venture capital and the professionalization of start-up firms: empirical evidence |
Journal: | Journal of Finance
2002 : FEB, VOL. 57:1, p. 169-197 |
Index terms: | PROFESSIONALIZATION VENTURE CAPITAL |
Freeterms: | START-UPS |
Language: | eng |
Abstract: | This paper examines the impact venture capital can have on the development of new firms. Using a hand-collected data set on Silicon Valley start-ups, the authors find that venture capital is related to a variety of professionalization measures, such as human resource policies, the adoption of stock option plans, and the hiring of a marketing VP. |
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