system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
What is the difference between a corporate venture function and institutional venture firm?


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.