This study focuses on the informational dynamics governing relationship formation among entrepreneurial ventures backed by venture capital. Of particular interest is the role which intermediary VC firms play by channeling information among their portfolio companies, decreasing thus information asymmetries and increasing the likelihood of relationships as a result. This study investigates this effect in context of acquisitions using a matched sample of acquirer and target VC-backed entrepreneurial ventures in the years between 1995 and 2015. We first establish a baseline hypothesis regarding the likelihood of acquisitions between ventures that share a common VC investor, which we expect is greater than in those that do not share a common VC investor. The study then proceeds to scrutinize the intermediary VCs in arguing that their idiosyncratic profiles control the efficacy and willingness to act as intermediation, focusing specifically on acquisitions as outcomes. We investigate three attributes of intermediary VC firms in particular: The first is their expressed commitment towards investees, which we argue and find will lead to a greater likelihood of acquisitions among the intermediaries’ portfolio companies. Then we investigate their diversification of investments across industries, which we find decreases this likelihood. Third, we find that acquisitions are similarly less likely when the intermediary VC firms are more reputable.