PT  - JOURNAL ARTICLE
AU  - Sven H De Cleyn
AU  - Geert Bosmans
AU  - Johan Braet
TI  - The Technological Background of Venture Capitalist Teams
AID  - 10.3905/jpe.2007.694781
DP  - 2007 Aug 31
TA  - The Journal of Private Equity
PG  - 7--17
VI  - 10
IP  - 4
4099  - https://pm-research.com/content/10/4/7.short
4100  - https://pm-research.com/content/10/4/7.full
AB  - Existing literature on Venture Capitalists (VCs) suggests a minor interest in technological aspects of new business proposals during the evaluation process. The largest attention is—by far—directed toward management and market criteria. This study attempts to overcome some mistakes in the existing literature, investigating the technological background of VC teams. Except for banking backed VC funds, our results suggest an equilibrated composition of both advising and decision-making teams in VC firms between technologically, financially, and economically oriented team members. Additionally, almost 90% of the VC teams declare they use technological decision criteria during the evaluation process of new business proposals.TOPICS: Private equity, manager selection, portfolio construction, quantitative methods