Rating Venture Capital Firms in Italy
Using social network analysis to measure the quality of investors connections
Networks provide channels for the exchange of information and resources. Central actors can use these channels to reach key information and resources that enhance knowledge and power.
VCs could exploit their network position to have a better access to industry relevant information and good investment opportunities. Therefore, measuring how well is connected a VC firm with other VC firms in the industry could be a driver/predictor of VCs future performance.
Using CrunchBase database, I analyze all VC deals made in Italy in the last five years (2010–2014) to rank VCs according to their network centrality. Overall, in the period 2010–2014, 191 VCs invested in 443 startups. I define inter-actor networks considering investors’ memberships in VC co-investments. As a measure of network centrality I use the betweenness of each actor.
Below you can find the results of the analysis. The order of the investors is based on their centrality.
Top 30 Italian VC investors, based on network centrality.
Club Italia Investimenti
Zernike Meta Ventures
360 Capital Partners
Italian Angels for Growth
Atlante Ventures Mezzogiorno
Marco Bicocchi Pichi