Manigart, SophieCollewaert, VeroniekWright, MikePruthi, S.Lockett, AndyBruining, HansHommel, UlrichLandström, Hans2017-12-022017-12-022006http://hdl.handle.net/20.500.12127/1887We examine the neglected area of internationalisation by VCs. Using a representative sample of 195 VCs, we show that the decision of a European VC firm to invest internationally is driven by its human resources. Having more VC executives in general and more VC executives with previous international experience in specific, results in a higher probability of investing internationally. In contrast, more VC executives with experience in the VC industry or with an engineering background lead to a higher probability of remaining domestic.enCorporate Finance13436176153140746938266818535884141027681892123