Steps on the road to being an adept venturer.

This article describes the next stage of development of a corporate venturing business, being its transformation into a fully fledged venture capital funds management business.  This is shown in the diagram [click here].

1.     The Investment Manager

As shown in the diagram, the corporate venturing business is now carried on by a separate legal entity (in this case called the "Manager") which is usually a wholly owned subsidiary of Corporate and may take the form of a company or…