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Re:The venture capital model is broken, and this damning rep... by pge on Monday May 07, 2012 @09:22PM (#3941733)
I can't find links to the papers themselves, but the research was published by Lerner and Stahlman at HBS. They looked at firms that had top quartile venture funds and then looked to see what percentage of them remained in the top quartile in the subsequent fund. For public market managers, the measure was the same but on a year over year basis rather than fund over fund.

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