1. Figure 1. The traditional venture capital game
Figure 1. The traditional venture capital game. Source: Adapted from Harvard Business School 9–800–170, Venture Capital Negotiations: VC versus Entrepreneur, 2 March 2000.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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2. Figure 7. Innovation Network Corporation of Japan (INCJ)
Figure 7. Innovation Network Corporation of Japan (INCJ). Source: Adapted from an INCJ presentation (July 2009) available at
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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3. Figure 3. Venture capital fundraising ($M)
Figure 3. Venture capital fundraising ($M). Source: Dow Jones VentureSource.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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4. Figure 2. Comparison partnership terms and conditions
Figure 2. Comparison partnership terms and conditions. Source: Dow Jones private equity partnership terms and conditions, 2009 edition.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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5. Figure 8. Corporate venture capital initiatives and investments (2009 and 1Q2010). Source: Dow Jones VentureSource.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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6. Figure 6. Venture capital backed IPOs in the USA and Europe
Figure 6. Venture capital backed IPOs in the USA and Europe. Source: Dow Jones VentureSource.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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7. Figure 5. Venture capital backed M&A activity in the USA and Europe
Figure 5. Venture capital backed M&A activity in the USA and Europe. Source: Dow Jones VentureSource.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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8. Figure 4. Venture capital deals ($M). Source: Dow Jones VentureSource.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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9. Figure 11. A typology of corporate venturing
Figure 11. A typology of corporate venturing. Source: Adapted from Susan A. Hill and Julian Birkinshaw, ‘Strategy-Organization Configurations in Corporate Venture Units: Impact on Performance and Survival’ (2008) 23 J Business Vent 423–444.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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10. Figure 9. Corporate venture capital activity (number of rounds)
Figure 9. Corporate venture capital activity (number of rounds). Source: Dow Jones VentureSource.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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11. Figure 10. The incubator process
Figure 10. The incubator process. Source: Georges Haour, Resolving the Innovation Paradox, Enhancing Growth in Technology Companies (Palgrave Macmillan 2004).
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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12. Figure 12. The ‘New’ venture capital game.
From: Venture capital beyond the financial crisis: how corporate venturing boosts new entrepreneurial clusters (and assists governments in their innovation efforts)
Capital Markets Law Journal. 2010;5(4): doi: /cmlj/kmq018
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