01330nas a2200157 4500008004100000245013500041210006900176260001800245300001800263490000700281520066200288653003200950100002600982700002201008856014201030 2014 eng d00aNew insights into venture capitalists' activity: IPO and time-to-exit forecast as antecedents of their post-investment involvement0 aNew insights into venture capitalists activity IPO and timetoexi aElsvierc2014 apages 405-4200 v293 aWe examine how VCFs' forecast of an IPO exit affects their breadth of advising and the likelihood
of founder–CEO replacement shortly after they invest in a new venture. Moreover, we examine
how the expected time-to-exit moderates these relationships. Our findings show that the
likelihood of founder–CEO replacement upon receiving venture capital funding is significantly
greater if a VCF perceives this company as a potential IPO as opposed to a trade sale, and this
likelihood increases if the forecasted time-to-exit is short. We also illustrate how the breadth of
advice varies as a function of the forecasted IPO and time-to-exit.10aStrategy & Entrepreneurship1 aGerasymenko, Violetta1 aArthurs, Jonathan uhttps://dev.business.oregonstate.edu/biblio/new-insights-venture-capitalists-activity-ipo-and-time-exit-forecast-antecedents-their-post-0