@article {1968456, title = {New insights into venture capitalists{\textquoteright} activity: IPO and time-to-exit forecast as antecedents of their post-investment involvement}, journal = {Journal of Business Venturing}, volume = {29}, year = {2014}, month = {2014}, pages = {pages 405-420}, address = {Elsvier}, abstract = {We examine how VCFs{\textquoteright} forecast of an IPO exit affects their breadth of advising and the likelihood
of founder{\textendash}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{\textendash}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.}, keywords = {Strategy \& Entrepreneurship}, author = {Gerasymenko,Violetta and Arthurs,Jonathan} }