Getting Tired of Your Friends: The Dynamics of Venture Capital Relationships
---- Acknowledgments ----
We thank seminar participants at HEC (Paris), Hong Kong University of Science and Technology, Universidad Carlos III (Madrid), University of Oxford (Saïd) and the University of Southern California (Marshall School) for their valuable comments and suggestions. Qianqian Du gratefully acknowledges the financial support from the School of Accounting and Finance (Grant number: G-YBS5). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.