Large companies seeking access to new technologies — as well as the high returns promised by early investments in successful startups — have been establishing corporate venture capital (CVC) units for many years. But returns on those investments can be erratic, and new technologies can be difficult for the parent company to take advantage of. Why do many companies struggle to derive adequate benefits from their CVC efforts? We think that at the heart of the issue is a persistent confusion over objectives that ultimately makes CVCs difficult to sustain. READ MORE