In the venture capital (VC) industry, most investments in startups are realized in the form of syndicati on by venture capitalists. Corporations also invest in startups with these investors, though often for different reasons. They instead seek to acquire information on marketable innovations or new technologies. 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 relations hips 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.