Venture capitalists' expertise - A call for research into decision aids and cognitive feedback

This article proposes that research into decision aids can improve venture capitalists' (VCs) decision process and decision accuracy and speed up the acquisition of expertise. After reviewing research into the accuracy of dec ision aids such as bootstrapping models and the use of these models in cogn itive learning, we propose that theory on the use and performance of decisi on aids can have important implications on how VCs gain expertise in predic ting clew venture performance. This discussion leads to a proposed research agenda. (C) 2001 Elsevier Science Inc. All rights reserved.