AAA December 2013 – Page 3

Monthly analysis: A steady investment flow

Global Corporate Venturing recorded 57 investments during November worth a total of $1.2bn – in October there were 60 investments worth $1.2bn – and six exits worth $2.45bn, although exit prices were largely undisclosed and the initial public offering (IPO) of social network Twitter accounted for $1.82bn of the total – in October there were… Continue reading Monthly analysis: A steady investment flow

Haemmig and Battistini: Early stage control systems

Developing and accelerating early-stage, growth-oriented technology ventures is difficult. Most ventures merely survive or fail, only a handful of them thrive. Corporate venturers are very familiar with this picture. But what defines successful new entrepreneurial firms? We review various research work addressing this question, analyse the relevance and impact of management control systems on the… Continue reading Haemmig and Battistini: Early stage control systems

Time to say goodbye…

December has come again, and with it the time to reflect on the past year, take stock of what we have learnt and decide on the focus for the year to come. In 2012, we caught a glimpse of the emergence of a multipolar world, we pondered on possible economic models of the future, while… Continue reading Time to say goodbye…

Is anybody listening?

Sharon Vosmek, chief executive of Astia, sounds a call to speak and act publicly in the cause of promoting unrecognised talent and fomenting social and professional evolution.

Strategy versus financial returns debate an illusion

There is much talk about the conflict between strategic and financial objectives in corporate venturing. These apparently opposing objectives are portrayed as an unavoidable feature, resulting in an insoluble problem that can at best be managed but never fully overcome. At its worst, the venturing unit can develop an acute form of corporate schizophrenia and… Continue reading Strategy versus financial returns debate an illusion

Strategy versus financial returns debate an illusion

There is much talk about the conflict between strategic and financial objectives in corporate venturing. These apparently opposing objectives are portrayed as an unavoidable feature, resulting in an insoluble problem that can at best be managed but never fully overcome. At its worst, the venturing unit can develop an acute form of corporate schizophrenia and… Continue reading Strategy versus financial returns debate an illusion

The efficacy of relationships in finance

Economists have recognised for a long time that relationships between entrepreneurs and venture capitalists (VCs) may be subject to extreme conflicts of interest. These “moral hazard” problems can seriously impair performance and destroy value creation. Hence, contracts have been viewed as very important in attempting to mitigate these problems. This view of the world is… Continue reading The efficacy of relationships in finance