What motivates big firms to start VC arms? Jim's surprising answer is that (strategically) their goal often is to learn rather than to get lucky on a big bet like an independent VC. But this sometimes backfires as the VC function becomes beholden to finance, who demand an unrealistic bottom-line return.

- Jim's journal, Research Technology Management: https://www.jstor.org/journal/resetechmana

Find us at http://jimeuchner.com/ and http://douglassquirrel.com.