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The cost of friendship

Venture capital returns suffer when the individuals involved are too similar to each other, according to research by Harvard Business School

Do you like the fact that you’re working with people who are similar to you? You shouldn’t.

Speaking at the Private Equity Analyst Limited Partner Summit this week, Paul Gompers, a professor at Harvard Business School presented research that showed that venture capitalists who work in the same firms or on the same deals suffer if they are too similar to each other.

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