For a long time, after joining the Randstad Innovation Fund team, I wanted to write something on Corporate Venture Capital. Corporate VC (CVC) is a Venture Capital fund that is investing corporate funds in external start-up companies, in exchange for an equity stake. Corporate VC is distinct from independent VC in that it strives to advance both strategic and financial objectives.
There are numerous articles online, regarding CVC funds. Many people have studied their performance throughout time, their activity, recent trends, the recent boom, as well as their lifetime duration.
Still, I think that one of the best articles on Corporate Venture Capital comes from the Harvard Business Review from Professor Josh Lerner. In an article that was published in October 2013 Josh Lerner talks about CVCs, the case for these funds and their advantages. He is also discussing both the financial as well as the…
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