Alumni Networks in Venture Capital Financing
研究发现风险投资市场中三分之一的交易涉及校友关系，风投更倾向于投资校友创办的初创公司并投入更多资金，这些交易也更容易成功上市，表明校友网络促进了更好的交易和结果。
Abstract One-third of deals in the venture capital (VC) market involve a founder and investor from the same university. Venture capitalists are more likely to invest in and place larger bets on startups with founders from their alma mater. These deals are also more likely to lead to IPOs postfunding. Tests using VC partner turnover confirm a direct link between education ties and funding likelihood. Taken together, our results suggest that university connections facilitate improved deal-making and outcomes, rather than diverting funds toward lower-quality startups.