Forty-seven of the 100 biggest US companies do venture capital investing, research by Global Corporate Venturing for our forthcoming World of Corporate Venturing has revealed.
The result was uncovered in detailed analysis of the Fortune 500 comparing it to Global Corporate Venturing’s database, for the supplement, which is published next week. The findings are likely to increase the urgency to get into the asset class for those mega corporations not already investing in venture capital.
However, while half the giants are actively pursuing corporate venturing, the picture is more mixed for groups outside the top 100 of the Fortune 500.
GCV found 115 companies of the 500 in Fortune’s list do corporate venturing, reflecting only 23.2% of the list. Excluding the top 100, only 17% of the other 400 companies surveyed do corporate venturing.
The research is likely to fuel debate about how companies should be approaching corporate venturing. The top 100 of Fortune 500 companies all have revenues of greater than $31bn.
Many groups between 100 to 200 on the list are also vigorously pursuing corporate venturing, with 30% doing so. Groups in the top 200 of the list have more than $14.5bn in revenues.
The probability of a group on the list doing corporate venturing which is outside the top 200 is 12.7%.
