Matthew Rhodes-Kropf
Matthew Rhodes-Kropf is a Senior Lecturer in Finance at MIT Sloan School of Management and Managing Partner at Tectonic Ventures. He is best known for his research on venture capital dynamics, including the widely cited paper "Is a VC Partnership Greater than the Sum of Its Partners?" (co-authored with Michael Ewens, Journal of Finance 2015), which demonstrated that individual VCs' human capital is 2–5 times more important than firm-level organizational capital in explaining investment performance. He has also taught at Harvard Business School and Columbia Business School, and his research spans VC strategy, insider financing, capital market interactions with firm creation, and the cost of experimentation in early-stage investing.
“Value in VC firms resides in individual partners, not firm brand or process. Larger firms dilute individual partner influence and appear to scale primarily to reduce fundraising friction, not to improve returns.”
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