The Impact of Post-Investment Management in Venture Capital on the Sustainable Development of Startups: A Literature Review Framework

Investment management in venture capital underscores the significance of post-investment management (PIM) as a core mechanism for fostering startups sustainable development through non-financial value-added services. Such PIM activities typically include monitoring, strategic support, resource provision, and exit planning. This paper aims to analyze how the sustainability of starups reflects a balance between survivability and scalability. The study focuses on startups funded by venture capital (VC) firms globally. Specifically, methods involve qualitative synthesis of theoretical frameworks and quantitative analysis of survival rates, revenue growth, and innovation metrics. Research findings reveal that PIM enhances startups survival rates and accelerates revenue growth. However, excessive intervention is correlated with a reduction in research and development investment. Moreover, governance quality is positively linked to long-term performance. Findings validate that a balanced portfolio investment management approach, which prioritizes resource empowerment rather than stringent control, maximizes sustainable development outcomes. Future research should further examine ESG integration mechanisms and cultural dynamics within emerging-market contexts.