NVCA's new chairman, Paul Maeder, says corporate venturing has a role to play, but the biggest bugbear for venture capital firms about its peers comes from relatively slow sign-offs of legal or financial documentation for portfolio companies.
US-based trade body the National Venture Capital Association (NVCA) has appointed Highland Capital Partners co-founder and general partner Paul Maeder (pictured) as its chairman for the next 12 months and promoted corporate venturing for its ability to provide money and strategic help for portfolio companies.
However, while Maeder said corporate venturing had a role to play, the biggest bugbear for venture capital firms about its peers came from relatively slow sign-offs of legal or financial documentation for portfolio companies.
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