Close
    HomeResearch & Knowledgeback to HomeBusiness to Businessback to Research & KnowledgeNine Realms: Independent vs. corporate venture capitalback to Business to Business
    Case Study

    Nine Realms: Independent vs. corporate venture capital

    By Salvatore Cantale, Janet Shaner, Matthew Simmons and Sune Stilling
    18 pages
    March 2023
    Order this case study
    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, Corporate Venture Capital, Supply Chain
    Settings
    Europe, Denmark
    Nine Realms, Finance and Insurance, Venture Capital, Logistics and Supply Chain
    2021-2022
    Type
    Field Research
    Copyright
    © 2023
    Available Languages
    English
    Related material
    Teaching note
    Case clearing houses
    IMD case studies are distributed through case clearing houses. In order to browse the collection and purchase copies please visit the links below.

    The Case Centre

    Cranfield University

    Wharley End Beds MK43 0JR, UK
    Tel +44 (0)1234 750903
    Email [email protected]

    Harvard Business School Publishing

    60 Harvard Way, Boston MA 02163, USA
    Tel (800) 545-7685 Tel (617)-783-7600
    Fax (617) 783-7666
    Email [email protected]

    Asia Pacific Case Center

    NUCB Business School

    1-3-1 Nishiki Naka
    Nagoya Aichi, Japan 460-0003
    Tel +81 52 20 38 111
    Email [email protected]

    Copyright Information

    IMD retains all proprietary interests in its case studies and notes. Without prior written permission, IMD cases and notes may not be reproduced, used, translated, included in books or other publications, distributed in any form or by any means, stored in a database or in other retrieval systems. For additional copyright information related to case studies, please contact Case Services.

    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Business to Business
    Entrepreneurship
    Finance
    Strategy
    Supply Chain
    Browse all topics
    Related topics
    Business to Business
    Entrepreneurship
    Finance
    Strategy
    Supply Chain
    Browse all topics
    Discover our latest research
    IMD's faculty and research teams publish articles, case studies, books and reports on a wide range of topics
    All case studies
    Keep reading
    Article Leadership Family Business Strategy
    CEO nelle imprese familiari: come scegliere l’ad in azienda
    Choosing a CEO is a crucial decision for any company, but it becomes particularly complex in family businesses. This difficulty stems from the need...
    By Alfredo De Massis
    in We Wealth 16 April 2024
    Article Finance Innovation
    From follower to leader: Taiwan's financial sector accelerates digital transformation
    Taiwan is undergoing a financial revolution, surging ahead in digital transformation, propelled by a convergence of global trends and local innovat...
    By Jialu Shan and YingFen Lin
    in I by IMD 15 April 2024
    From follower to leader: Taiwan's financial sector accelerates digital transformation
    Article Finance Innovation Venture Capital
    Part 2: Chris Douvos of Ahoy Capital explores the evolution of the emerging managers segment [Podcast]
    In the second part of our conversation with Chris Douvos, he expands on how the emerging managers segment in venture capital has evolved since 2010...
    By Karl Schmedders and Raphaël Jean Luigi Grieco
    in I by IMD 11 April 2024
    Part 2: Chris Douvos of Ahoy Capital explores the evolution of the emerging managers segment [Podcast]
    Article Finance Geopolitics Economics
    Zum Tangotanzen braucht es zwei – Gedanken zur Regulierung im Banking
    In Switzerland, the battle over the future regulation of the banking sector is raging behind the scenes. The state and the National Bank do not wan...
    By Salvatore Cantale
    in Handelszeitung 11 April 2024
    Article Family Business Sustainability Strategy Value Creation
    A family's non-financial values shape its sustainability strategy
    Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance...
    By Josh Wei-Jun Hsueh Alfredo De Massis and Luis Gomez-Mejia
    in FamilyBusiness.org 10 April 2024
    Article Leadership Strategy
    The leadership presence pathway: A dynamic model of leader impact
    Leadership presence (LP) is widely acknowledged as a foundation of effective leadership. Historically, LP has been conceptualized as a collection o...
    By Michael D. Watkins
    in Thinkers50 Blog 10 April 2024
    Article Strategy
    What we can learn from Kahneman, fast and slow
    Observe and rethink until you find a pattern
    By Stefan Michel
    in I by IMD 9 April 2024
    What we can learn from Kahneman, fast and slow
    Article Decision Making Disruption Change Management Global Business Strategy
    The art of asking smarter questions
    With organizations of all sorts facing increased urgency and unpredictability, being able to ask smart questions has become key. But unlike lawyers...
    By Arnaud Chevallier Frédéric Dalsace and Jean-Louis Barsoux
    in Harvard Business Review May-June 2024, vol. 102, issue 3
    Article Social Innovation Entrepreneurship
    The lean impact start-up framework: Fueling innovation for positive societal change
    How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “...
    By Sophie Bacq and Stephanie Wang
    in Journal of Management 5 April 2024, ePub before print, https://doi.org/10.1177/01492063241240713
    Article Supply Chain
    The challenges of using true demand through the supply chain 
    Looking at previous customer purchase data might seem like an obvious source of information upon which to base your forecasts. But it’s not quite a...
    By Ralf W. Seifert and Richard Markoff
    in I by IMD 3 April 2024
    The challenges of using true demand through the supply chain 
    CEO nelle imprese familiari: come scegliere l’ad in azienda
    By Alfredo De Massis
    in We Wealth 16 April 2024
    Summary
    Choosing a CEO is a crucial decision for any company, but it becomes particularly complex in family businesses. This difficulty stems from the need...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Leadership
    Family Business
    Strategy
    Browse all topics
    From follower to leader: Taiwan's financial sector accelerates digital transformation
    By Jialu Shan and YingFen Lin
    in I by IMD 15 April 2024
    Summary
    Taiwan is undergoing a financial revolution, surging ahead in digital transformation, propelled by a convergence of global trends and local innovat...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Finance
    Innovation
    Browse all topics
    Part 2: Chris Douvos of Ahoy Capital explores the evolution of the emerging managers segment [Podcast]
    By Karl Schmedders and Raphaël Jean Luigi Grieco
    in I by IMD 11 April 2024
    Summary
    In the second part of our conversation with Chris Douvos, he expands on how the emerging managers segment in venture capital has evolved since 2010...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Finance
    Innovation
    Venture Capital
    Browse all topics
    Zum Tangotanzen braucht es zwei – Gedanken zur Regulierung im Banking
    By Salvatore Cantale
    in Handelszeitung 11 April 2024
    Summary
    In Switzerland, the battle over the future regulation of the banking sector is raging behind the scenes. The state and the National Bank do not wan...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Finance
    Geopolitics
    Economics
    Browse all topics
    A family's non-financial values shape its sustainability strategy
    By Josh Wei-Jun Hsueh Alfredo De Massis and Luis Gomez-Mejia
    in FamilyBusiness.org 10 April 2024
    Summary
    Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Family Business
    Sustainability
    Strategy
    Value Creation
    Browse all topics
    The leadership presence pathway: A dynamic model of leader impact
    By Michael D. Watkins
    in Thinkers50 Blog 10 April 2024
    Summary
    Leadership presence (LP) is widely acknowledged as a foundation of effective leadership. Historically, LP has been conceptualized as a collection o...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Leadership
    Strategy
    Browse all topics
    What we can learn from Kahneman, fast and slow
    By Stefan Michel
    in I by IMD 9 April 2024
    Summary
    Observe and rethink until you find a pattern
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Strategy
    Browse all topics
    The art of asking smarter questions
    By Arnaud Chevallier Frédéric Dalsace and Jean-Louis Barsoux
    in Harvard Business Review May-June 2024, vol. 102, issue 3
    Summary
    With organizations of all sorts facing increased urgency and unpredictability, being able to ask smart questions has become key. But unlike lawyers...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Decision Making
    Disruption
    Change Management
    Global Business
    Strategy
    Browse all topics
    The lean impact start-up framework: Fueling innovation for positive societal change
    By Sophie Bacq and Stephanie Wang
    in Journal of Management 5 April 2024, ePub before print, https://doi.org/10.1177/01492063241240713
    Summary
    How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Social Innovation
    Entrepreneurship
    Browse all topics
    The challenges of using true demand through the supply chain 
    By Ralf W. Seifert and Richard Markoff
    in I by IMD 3 April 2024
    Summary
    Looking at previous customer purchase data might seem like an obvious source of information upon which to base your forecasts. But it’s not quite a...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Supply Chain
    Browse all topics