This year's Entrepreneurial Finance Association's Annual Meeting was held in Munich on June 10-11. As part of the conference, two CEFS members delivered insightful research presentations:
Svenja Barth introduced a novel method to isolate idiosyncratic VC success. Her findings indicated that while market variations account for much of the persistence in VC performance, only the top decile of VC firms persistently outperforms the market with a notable proportion at the bottom failing to achieve a single successful investment (in a given year).
Sarah Stohrer leaned on Social Network Analysis to explore the European VC network, revealing that it is less connected than those in the US and China but is becoming more connected over time. Her findings also showed that the community structure in the European VC network is strongly characterized by the investor’s geographic focus.
We sincerely thank all speakers and participants for their contributions to these enlightening discussions and extend a special thanks to Prof. Paul P. Momtaz for organizing the event.