Opinion

Vulture Or Venture? These VCs Are All Right

To many in the business community they are "vulture capitalists," not venture capitalists. VCs -- their critics contend -- seize opportunities improperly, and exploit the weaknesses they detect in people they are dealing with. But a recent study at Northwestern University Kellogg School shows some in a more favorable light, suggesting that "high-quality VCs" can substantially improve financial reporting in the critical period surrounding an IPO, for example.