The “build versus buy” decision applies to innovation as well as software. Buying startups can yield faster results unencumbered by corporate politics. But acquiring is different from investing. Structuring and managing a corporate venture capital (CVC) function can be a high-stakes effort, not just in terms of capital but also for corporate visibility and impact. This report highlights best practices around corporate startup investing to help business and tech leaders make those build versus buy versus invest decisions and avoid common roadblocks.