TY - JOUR T1 - The Lower-Risk Startup: <em>How Venture</em> <br/> <em>Capitalists Increase the Odds of Startup Success</em> JF - The Journal of Private Equity SP - 7 LP - 19 DO - 10.3905/jpe.2013.16.2.007 VL - 16 IS - 2 AU - David Teten AU - Adham AbdelFattah AU - Koen Bremer AU - Gyorgy Buslig Y1 - 2013/02/28 UR - https://pm-research.com/content/16/2/7.abstract N2 - 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 ER -