BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//132.216.98.100//NONSGML kigkonsult.se iCalcreator 2.20.4//
BEGIN:VEVENT
UID:20260729T052809EDT-0282tXdU6k@132.216.98.100
DTSTAMP:20260729T092809Z
DESCRIPTION:Xuelin Li\n\nColumbia University \n\nHow Does VC Activism Backf
 ire in Startup Experimentation?\n\nDate: Friday\, November 29\, 2024\n	Time
 : 10:30-11:45 am\n	Location: Bronfman Bldg. (1001 Sherbrooke St. West)\, Ro
 om 340\n\nAll are cordially invited to attend.\n\nAbstract:\n\nWe utilize 
 granular data from the life science sector to study how VC activism affect
 s strategic experimentation decisions. We show that pipeline prioritizatio
 n\, deciding the timing and selection of projects to advance\, is prevalen
 t in startup growth. Despite more interactions from smaller and more focus
 ed VCs\, biotech startups invested by them are less likely to exit via IPO
 s. Consistent with such activism prematurely prioritizing the research pip
 eline\, startups backed by concentrated VCs exhibit slower progress in cli
 nical trials and tend to discontinue projects due to pipeline priority rat
 her than financial and quality reasons. For identification\, we use limite
 d partners’ adoption of ESG objectives as instruments for affected VCs’ po
 rtfolio attention. Lastly\, we highlight conflicting experimentation prefe
 rences between general partners and founding teams due to investment horiz
 on and portfolio cannibalization.\n
DTSTART:20241129T153000Z
DTEND:20241129T164500Z
LOCATION:Room 340\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Desmarais Global Finance Research Centre (DGFRC) Seminar: Xuelin Li
URL:/desautels/channels/event/desmarais-global-finance
 -research-centre-dgfrc-seminar-xuelin-li-361355
END:VEVENT
END:VCALENDAR