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      "text": "Corporate venture capital, which can take several forms, is playing an increasingly active role in the deep tech ecosystem. As noted in the previous chapter, CVC investments are on the rise. We are seeing more corporations invest alongside traditional venture capitalists as CVC investors or as limited partners in venture capital funds. In addition to financing, corporations have several advantages as investors compared with traditional VCs, including greater financial flexibility as they typically do not need to return money to return money to limited partners after a set period of time. They can leverage technical and industrial expertise to perform due diligence and support the startup. Traditional investors often see corporate involvement as mitigating the technology risk of their participation. While most CVCs have strategic interests that are broadly aligned with the financial interests of other investors, they can differ on priorities and exit strategies. Investors and startups need to assess such factors as exclusivity, veto rights, and rights of first refusal when coinvesting with corporations.",
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