How do Corporate Venture Capitalists do Deals? An Exploration of Corporate Investment Practices

How do corporate venture capitalists ( CVCs ) do deals? Conversations with CVCs suggest that the putative view of venture capital investing is incomplete. We draw on 13 cases of CVC programs to document eight ‘corporate investment practices’ that are unique to CVCs . These practices reflect pressure on the CVC units for strategic fit and engagement with the corporation and also an opportunity to utilize parental resources. We then show that CVCs...