Practices of European and American venture capitalists: homogeneity and heterogeneity at work

Small Bus Econ https://doi.org/10.1007/s11187-026-01211-w RESEARCH ARTICLE Practices of European and American venture capitalists: homogeneity and heterogeneity at work Benjamin Le Pendeven   · Jeroen Verbouw · Anna Söderblom · José Marti Pellon · Sophie... More

Small Bus Econ https://doi.org/10.1007/s11187-026-01211-w RESEARCH ARTICLE Practices of European and American venture capitalists: homogeneity and heterogeneity at work Benjamin Le Pendeven   · Jeroen Verbouw · Anna Söderblom · José Marti Pellon · Sophie Manigart · Massimo G. Colombo · Massimiliano Guerini · Christian Fisch Received: 22 May 2025 / Accepted: 5 March 2026 © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2026 Abstract  Driven by diverse institutional contexts, a comprehensive survey of 611 independent VC man- regional venture capital (VC) markets have expanded agers in Continental Europe. Comparing European unevenly over the past decades, with the US mar- VCs’ practices with those of their US counterparts, ket remaining the global leader. Although consider- we unveil both homogeneity and significant heteroge- able attention has been devoted to understanding the neity, particularly in investment selection, valuation Less