This paper examines the shorter lifespans of corporate venture capitalists (CVCs) compared to independent venture capitalists (IVCs) and identifies key influencing factors. Influencing Factors: A systematic review of 190 articles identifies 41 factors affecting VC performance across strategic decision-making, resource exploitation, active involvement, and room for maneuvering. Performance Metrics: Despite shorter lifespans, CVCs achieve better financial performance than IVCs. For instance, CVCs backed by corporations have higher success rates in exiting portfolio firms. CVC-Specific Factors: Five factors significantly influence CVC lifespans: investment objectives, organizational autonomy, interorganizational relationships, corporate parent commitment, and parent company size. Strategic Recommendations : Limiting the influence of corporate parents can enhance CVC success and lifespan.

This study provides valuable insights into the factors influencing the longevity and success of CVCs versus IVCs . Understanding these factors helps both corporate and independent VCs optimize their strategies and improve their overall performance and lifespan.