Corporate Venture Capital (CVC) is venture investment by operating companies through dedicated investment arms, pursuing both strategic and financial return objectives. Examples include Google Ventures / GV, Salesforce Ventures, Intel Capital, Microsoft Climate Innovation Fund, Comcast Ventures, and Capital One Ventures. Strategic objectives cover access to emerging technology, partnership opportunities, ecosystem development, and optionality on potential acquisitions, distinguishing CVC from pure-financial venture capital where the only objective is portfolio return. It accounts for roughly 20-25% of US venture deal count by some measures (NVCA, PitchBook data) and is a meaningful share of late-stage venture inves...