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Adventures in corporate venturing
20/12/2001. Source:Booz-Allen Hamilton. Jill Albrinck, Jennifer Homery, David Kletter, Gary Neilson
 Although many of the earliest dot.com contenders have stumbled and even collapsed on the road to riches, well established companies, no matter what their industry, cannot afford to be complacent. Jill Albrinck, Jennifer Hornery, David Kletter and Gary Neilson of Booz-Allen Hamilton discuss the corporate venturing phenomenon and the issues that it raises for large corporations.
In 1999 the total value of funds dedicated to corporate venture capital leapt to $6.3bn from $1.7bn in 1998. Large companies, for decades content with incremental product growth or a steady expansion of existing businesses with an eye on long-term gain, are learning that such caution is an encumbrance. They are now looking to corporate venturing to help them tap into the broader marketplace of ideas and business opportunities.
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Linked with permission from strategy+business, a quarterly management magazine published by Booz Allen Hamilton."
Copyright 2001 Strategy & Business
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