Using data on corporate venture capital (CVC) investments by US corporations between 2001 and 2013, we analyze their CVC expenditures based on their positions in syndication networks and their financial resources. The generalized-method-of-moments models used show that these companies’ annual CVC expenditures depend on the number of co-financing relationships they have and their cash flows in the previous year, as well as their prior investments. However, their previous centrality in syndication networks is not significant, contrary to social network theory, which stipulates that prior central positions in syndication networks significantly explain the future network positions of corporate venture capitalists.