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R&D, Meet VC: The Promise of Corporate Venturing

A CONVERSATION WITH a typical venture capitalist will reveal mixed opinions, at best, about corporate venturing—and in some cases, a distaste that is rivaled only by a mob boss’s view of a former colleague in the witness protection program. Bob Ackerman of Allegis Capital has depicted the corporate venturing process in grim terms:1

The challenge is that corporations just show up and four guys get out of the car with their corporate tee-shirts and singing the company song. They have one perception of the size and power of their business, but start-ups and their investors see it differently. Often we view them as the dinosaurs we’re trying to kill, the market opportunity we’re trying to capture ...

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