<|im_start|>user
What is the difference between a corporate venture function and institutional venture firm?<|im_end|>
<|im_start|>assistant
A corporate venture function, commonly known as a CVC, is typically a team within an operating entity that is focused on venture investing on behalf of its parent company. Investments completed by a corporate venture function is usually related to the industry the parent company operates in and investment goals are strategic in additional to being financial. An institutional venture firm is a standalone company whose operations is solely focused on investments and the focus is on financial returns.<|im_end|>
