When it comes to raising money in the U.S., corporate venture capital is seemingly synonymous with “Plan C.” If you can’t raise money from top-tier firms, you move on to Plan B, second-tier firms. Failing that, Plan C is corporate.
There are exceptions, but corporate does tend to be the last resort: The place you go when your company has been shopped, or your valuation is so high that the only investors insane enough to write you a check have hoards of “dumb money” to spend.
