PT - JOURNAL ARTICLE AU - David Teten AU - Adham AbdelFattah AU - Koen Bremer AU - Gyorgy Buslig TI - The Lower-Risk Startup: <em>How Venture</em> <br/> <em>Capitalists Increase the Odds of Startup Success</em> AID - 10.3905/jpe.2013.16.2.007 DP - 2013 Feb 28 TA - The Journal of Private Equity PG - 7--19 VI - 16 IP - 2 4099 - https://pm-research.com/content/16/2/7.short 4100 - https://pm-research.com/content/16/2/7.full AB - The authors recently completed the first-ever study of how venture capitalists systematically help their portfolio companies grow. They found that certain VCs are aggressively building out a focused portfolio operations skillset and recruiting more people with operational backgrounds. Based on a range of sources, the authors believe that most funds with well-developed “portfolio operator” models have top-quartile returns (above 20% internal rate of return in the relevant time periods). The authors detail the resources that operationally focused VCs have to leverage and how exactly they assist their portfolio companies.TOPICS: Private equity, manager selection, quantitative methods, performance measurement