Research Summary

The Venture Capitalist as Entrepreneur

by Noam T. Wasserman

Description

Noam's dissertation, entitled “The Venture Capitalist as Entrepreneur,” won Harvard’s George S. Dively award for dissertation research. In the dissertation, Noam examined the organizational dynamics and characteristics within venture capital firms themselves, viewing the general partners within VC firms as a TMT that has to found its own (venture) firm, craft a strategy, structure its activities and internal organization, and negotiate with its own investors and other external parties. A chapter from the dissertation was included in Research in the Sociology of Work: Entrepreneurship in 2005, and a current working paper examines the linkage between structure, strategy, and performance within VC firms. Future work in this area includes examinations of careers patterns within and across VC firms, and of the impact of inter-firm syndication networks on internal firm structures.