What is the effect of a formative experience on organizational performance? We use data from 207 corporations who made corporate venture capital investments in the period 1998-2001 to explore the effects of a crucial early experience on subsequent firm conduct. Our results reveal that firms...

A growing literature examines the formation of strategic alliances as an important value-added role provided by venture capital firms. This paper contributes to this literature by examining two related questions: whether venture capital firms use strategic alliances as a substitute or compliment...