De Prijcker, SofieManigart, SophieCollewaert, VeroniekVanacker, Tom2018-11-122018-11-1220191042-258710.1177/1042258717739003http://hdl.handle.net/20.500.12127/6031Using a resource dependence perspective, we theorize and show that non-venture-capital-backed ventures founded in U.S. states with a lower availability of venture capital (VC) are more likely to relocate to California (CA) or Massachusetts (MA)—the two VC-richest states—compared to ventures founded in states with a greater availability of VC. Moreover, controlling for self-selection, ventures that relocate to CA or MA subsequently have a greater probability of attracting initial VC compared to ventures that stay in their home state. We discuss the implications for theory, future research, and practice.enVenture CapitalEntrepreneurial FinanceRelocationResource Dependence TheoryEntrepreneurship: Theory and Practice358847615386497