Today, there are some signs of optimism and new momentum on the German venture capital market. I would like to complete my remarks by commenting briefly on the recent emergence of a group of venture capitalists who still consider the early stage of venture capital as an element of their investment strategy. I’m talking about the so-called “corporate venture capitalists”.
They have a longer-term investment horizon which makes them less vulnerable to fluctuations on the stock exchange. 2  BIS Review 26/2004  As a subsidiary of a large industrial or financial enterprise, a corporate venture capitalist always maintains close financial and business relations with his holding company.