PT  - JOURNAL ARTICLE
AU  - William D. Bygrave
AU  - Gregory Johnstone
AU  - Michael Matchett
AU  - James Roedel
TI  - Venture Capital High-Tech Investments
AID  - 10.3905/jpe.2001.319979
DP  - 2001 Feb 28
TA  - The Journal of Private Equity
PG  - 7--17
VI  - 4
IP  - 2
4099  - https://pm-research.com/content/4/2/7.short
4100  - https://pm-research.com/content/4/2/7.full
AB  - To what extent can we predict the success of enterprises in which venture capitalists invest? This study examines 117 venture-capital-backed companies in the Internet, software, hardware, and semiconductor industries that had initial public offerings between 1994 and 1997. The authors consider strategic and operating criteria, including management. Findings reveal that these companies&' market capitalization correlated with quality of management, R&D expenses, sales revenue, sales revenue growth, industry segment, and the life-cycle stage of the industry.