Large companies - such as Google, IBM, Intel create their own venture corporations. "Sberbank" has its own venture fund. We even see small companies like Slack create their own venture capital funds. This is a small company estimated at a billion dollars, but they already have a USD 50 million venture fund — Lev Khasis, First Deputy Chairman of the Executive Board, Sberbank .
Over the past few years we have seen that corporations, regardless of their field: aerospace, cement, medicine, weapons produce - they all have small funds they don’t really talk about Sometimes it's easier to buy a technology than to develop it inside, so they do it — Douglas A. Trafelet, Managing Director, Vice President of Sales, PitchBook Data .
They (the world's largest companies - Ed.) are buying either a product or a customer base. There are some deals when they buy teams, people, but it's rare, and company estimates in these cases will be low. They could of course develop this (products - Ed.) themselves, but they analyse ROE, the return on equity, and from the point of view of recoupment they believe that it will be more profitable than developing something in-house. Even more acquisitions are driven by buying a clientele, rather than buying a product — Leonid Boguslavsky, Chairman, ru-Net.