In the last forty years corporate venture programs in the United States were characterized by a cyclic nature, a time during which corporate venture programs were often halted before the fruits from the investment activity could be realized.Presenting the history, structure, and performance of...

We examine a sample of over thirty thousand transactions by corporate and other venture organizations. Corporate venture investments in entrepreneurial firms appear to be at least as successful (using such measures as the probability of the portfolio firm going public) as those backed by...