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Case Study

Nine Realms: Independent vs. corporate venture capital

By Salvatore Cantale, Janet Shaner, Matthew Simmons and Sune Stilling

18 pages

March 2023

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Reference: IMD-7-2407

This case is designed to discuss the tradeoffs between independent venture capital (IVC) and corporate venture capital (CVC). Students also have the opportunity to analyze two startup investment opportunities based on Nine Realms’ criteria. The case concludes with a discussion about a strategic choice faced by Nine Realms: should it continue as an IVC, list on the stock market or shift to a CVC? This allows students to debate the tradeoffs between the two approaches for the individuals involved.

Learning Objective

Describe the pros and cons of IVCs and CVCs for corporates, individuals and startups
Analyze two startup cases in based on the Nine Realms investment criteria and make an investment recommendation
Assess the way forward for Nine Realms

Keywords

Business to Business, Entrepreneurship, Finance, Strategy, Corporate Venture Capital, Supply Chain

Settings

Europe, Denmark
Nine Realms, Finance and Insurance, Venture Capital, Logistics and Supply Chain
2021-2022

Type

Field Research

Available Languages

English

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Teaching note

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