The smaller venture capital funds outperform large ones that have the presumed advantages of scale, brand, and experience, a report shows.
Other research also reveals the difference between small and big fund performance. Revere, a platform investors use to discover and perform due diligence on more than 250 early-stage venture firms with relatively small funds, found that its group of small VCs outperform larger peers. When comparing the TVPI of its median and top-quartile managers, Revere said they routinely beat groups of the most respected and known VCs that tend to have large funds and are recommended by investment consultants.
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