The results obtained from the 49 responses to the questionnaire by mail to 100 venture capitalists at the end of 1984. The aim of the study was to shed light on the relationship between venture capitalists and their portfolio companies. The study found that venture capitalists, who responded to spend about half of his nine-time monitoring of portfolio investments, of which five are the companies on which they are sitting fee. For the latter group of companies, venture capitalists usually devotes 80 hours of on-site time and 30 hours of phone time for every company in the year. The most frequently performed services for portfolio companies to help raise additional funds, with strategic analysis and management recruitment is also mentioned as an important role. Finally, venture capitalists in the survey were replaced by an average of three CEOs in the course of his career, and is considered poor management to be the dominant cause of failure of the enterprise. "Hide
by William A. Sahlman, Michael Gorman 20 pages. Publication Date: September 1, 1987. Prod. #: 288015-PDF-ENG
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