Large companies have long sensed the potential value of investing in external start-ups. More often than not, though, they just can’t seem to get it right.
A version of this article appeared in the March 2002 issue of Harvard Business Review.
Making Sense of Corporate Venture Capital
Companies have, at best, a mixed record funding start-ups. A new framework, simple in design but powerful in application, can help identify the investments that will yield a return that matters—strategic growth.
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New!
HBR Learning
HBR Learning
Finance Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Strengthen your fluency in financial statements.