He also supports corporate venture capital, which he says has gotten a bad rap.
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In addition, the early stage rounds have seen a significant increase in corporate venture capital involvement (discussed here, here).
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They are like corporate venture capital. 19 out of 20 go down.
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In terms of deals, about 16% of companies acquired in 2012 had Corporate Venture Capital (CVC) and for 2013, 90% of slated IPOs include CVC.
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Traditionally, corporate venture capital has shied away from seed stage investing.
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So he advises clients, gratis, on setting up internal corporate venture capital funds, hoping to get a return on that investment of time, with paid assignments later.
Corporate venture capital comes and goes in waves.
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An interesting article by Vinay Singh evaluated the impact of Pharma corporate venture capital (CVC) investing, and the key takeaway is that CVC-backed companies have a higher rate of overall success than those without their involvement.
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Genband, which is based in Frisco, Texas, scored high marks due partly to its large fundraising haul from a mix of top venture capital, private equity and corporate investors, including One Equity Partners, Sevin Rosen Funds, Intel Capital, Oak Investment Partners, Siemens Venture Capital and Venrock.
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As this GigaOm story pointed out, some traditional venture capital firms and corporate venture investors also are now offering design programs for their portfolio companies.
Xtreme, which has attracted backing from venture capital firms and corporate investors like Dow Chemical, Fluor and BP Alternative Energy, is developing large-scale digital power systems for renewable energy and micro-grid applications.
Corporate venture arms are increasingly getting into the startup game at a time when capital inflows to traditional venture capital funds have cooled.
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As head of strategy and corporate development, he is in charge of mergers and acquisitions, venture capital relationships and global strategic alliances.
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Thanks to Dodd-Frank, banks are passing regulatory fees along to corporate borrowers, and the SEC is going to "define" what "venture capital" is.
To avoid this problem, the people who control large pools of capital need to act more like venture capitalists, and less like corporate finance departments.
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