This book addresses the lack of academic and practical research into corporate venturing by examining the role of this activity as both a form of large firm-small firm collaboration and as an alternative source of equity finance for small firms. These issues are explored through surveys of independent fund managers, coporate executives and technology-based firm directors.
1. Inter-firm Collaboration, 2. Corporate Venturing and Corporate Venture Capital: Definitions, Potential Benefits Evidence and Justifications for Research, 3. Corporate Venture Capital Investment in the United Kingdom: A Survey of Corporate Objectives, 4. The CVC Investment Process: A Strategy for Bridging the Equity Gap, 5. Externally Managed CVC: The Fund Manager's Perspective, 6. Technology-based Firms and CVC: The Investee Company's Perspective, 7. Conclusions
There is a growing polarization in the international economy for companies to become either transnational corporations or small businesses. This dualism means the experience of the small business is quite different to that of a large corporation. The life of a small business is often shorter, riskier and more entwined with the personality of the entrepreneur. In this prestigious series, case-studies and the latest research are used to reveal the regional, national and international role of the small business.