In this episode of Corporate Venturing Insider, recorded January 6, 2026, Nicolas Sauvage speaks with Francesco Di Lorenzo of Copenhagen Business School about the evolution of corporate venturing. Drawing on a decade of research, Francesco explores the shift from traditional CVC to venture clienting, examining why collaboration models are gaining traction. He challenges the hype around venture clienting, highlighting hidden OpEx costs, governance friction, and risks of short-termism. The discussion unpacks CapEx vs. OpEx, power law vs. distribution thinking, and how boards should structure venturing for long-term resilience. A thoughtful, critical look at where corporate venturing is headed next.