Venture Capitalists' Exit Strategies under Information Asymmetry: Evidence from the US Venture Capital Market

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Venture capitalists (VCs) fund ventures with the aim of reaping a capital gain upon exit. Research has identified information asymmetry between inside investors and follow-on investors as a major source of friction. It is thus in the interest of VCs to reduce information asymmetry at exit.

Author(s): Matthias Eckermann
Year: 2006

Language: English
Pages: 287