Analysis of the development factors of the syndicate of the venture capital funds and corporate venture capitals

The paper analyzes the features of corporate venture financing. The features of corporate and classic venture capital investments are shown. The analysis of the organizational forms of venture capital funds and the analysis of the organizational and legal forms of startups in Russia. Together, this allows to insights of the legal aspects of the syndicate of venture investors. The paper shows the various motives and aspects of financing startups with the participation of VCs and CVC, which reflect the complementarity of such a syndicate. The main advantages of corporate and classic venture capital funds are shown. For CVC the benefits can be expressed by the following three points: technological know-how; market entry strategy; examination of the subject area. For VCs the benefits can be reflected in the following aspects: focus on high financial results of a startup; legal and reputational benefits of the CVC from CVs Alliance; the relatively low sensitivity of the strategic course of the classic venture capital fund from changes in the macroeconomic environment

Keywords: innovation project, venture capital investments, technology entrepreneur, venture capital fund (VCs), corporate venture capital (CVC), investor syndicate


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