The Persistent Effect of Early Success: Evidence from Venture Capital
Author: Nanda, Ramana, Samila, Sampsa, Sorenson, Olav on Jan 01, 2017
Unlike other assets classes, private equity -- especially venture capital -- has been found to exhibit performance persistence. Money managers that perform well in one period have a higher likelihood of being above-average in their performance in the future. To understand better what might account for this persistence, we examined…
Continue reading ⟶