Identification and analysis of the success factors of venture capital firms with the meta-synthesis method

The success of investment and achieving profitability is the most important goal of a venture capital company due to the problems and high failure rate of investments made in start-ups. The purpose of this research is to qualitatively analyze and present a systematic framework of the results of the researches conducted on the factors of the success of venture capital firms, so that venture capital companies can identify and take basic measures by emphasizing the important factors to succeed in investing. Formulate a strategy. For this purpose, by the qualitative meta-synthesis method, which is one of the types of meta-study methods, after searching and refining the sources related to the success of the venture capital firm, from the 309  primary sources, after the screening process, 81  sources were selected and then 210  primary codes and 179  non-repeated codes were obtained through thematic analysis method. After refining and re-categorizing the primary codes by the research team, 75 basic themes, 12  organizing themes, and 3 comprehensive themes related to the factors affecting the success of the venture capital company were obtained. The overarching themes are characteristics related to the investment case, characteristics related to the company or venture capital fund, and environmental and macro factors.