01463nas a2200133   4500008004100000245009400041210006900135260000900204300000900213520092800222653003201150100002601182856012101208       2019                        eng d00aWhen do organizations learn from successful experience? The Case of Venture Capital Firms0 aWhen do organizations learn from successful experience The Case   c2019  a1-233 aAbility to accurately predict the outcomes of investments in new projects is recognized as an important antecedent of organizational success. Yet, despite the extensive research on resource-allocation decisions and forecasting, we know little about how accumulated experience shapes the accuracy of forecasts. In this study, we investigate the influence of success and failure experiences on the accuracy of venture capital predictions of the outcomes of their portfolio companies. We also explore the moderating influence of an important organizational factor, the size of a decision-making team. Our theory and findings highlight that success and failure experiences have significant and varying impact on the accuracy of organizational predictions. By examining these novel relationships, we extend theorizing about forecasting and learning, and bring novel insights to the field of entrepreneurship and venture capital.10aStrategy & Entrepreneurship1 aGerasymenko, Violetta  u/biblio/when-do-organizations-learn-successful-experience-case-venture-capital-firms