Origin and Development of a Network Paper. Jung-Chin Shen. Origin of the paper. It seems that a syndication network consisting both IVC and CVC increases the chance of IPO of an invested company. Behind the statement Incomplete data Wrong measure Wrong method Poor reasoning
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A mix of IVC and CVC is useful for invested companies’ performance
Shift of focus from network consequences to network formation
Divide into two papers: one on determinants of VC syndication network, and the other on the effects of network on firm performance
Source: Khanna and Yafeh (2005)