IDEAS home Printed from https://ideas.repec.org/a/taf/indinn/v18y2011i1p131-150.html
   My bibliography  Save this article

Syndication, Networks and the Growth of Venture Capital in Philadelphia, 1980-99

Author

Listed:
  • Jonathon Mote

Abstract

This paper explores the use of venture capital syndication among venture capital firms in the Philadelphia region from 1980 to 1999. The central question in the analysis is the extent to which regional actors have embraced a new type of investing. To explore this question, the paper looks at the distribution of syndication ties, that is, patterns of co-investment among venture capital firms. In particular, the analysis explores patterns of syndication and network structure among venture capital firms to identify not only the extent of syndication but also cliques and clusters among syndication partners. The analysis utilizes an extensive database consisting of venture capital disbursements and investments in the Philadelphia region from 1980 to 1999. The paper finds that the use of syndication among Philadelphia venture capital firms was limited in nature. Although Philadelphia venture capital firms syndicated extensively with venture capital firms from outside the region, syndication among partners tended to be highly parochial. In addition, the emergence of a dominant clique of venture capital firms is documented, and their impact is discussed.

Suggested Citation

  • Jonathon Mote, 2011. "Syndication, Networks and the Growth of Venture Capital in Philadelphia, 1980-99," Industry and Innovation, Taylor & Francis Journals, vol. 18(1), pages 131-150.
  • Handle: RePEc:taf:indinn:v:18:y:2011:i:1:p:131-150
    DOI: 10.1080/13662716.2010.528940
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/13662716.2010.528940
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:indinn:v:18:y:2011:i:1:p:131-150. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/CIAI20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.