Corporate Venture Capital (CVC) investments have been highly cyclical, considering that there were four waves of CVC (Dushnitsky, 2012). As a matter of particular interest some authors provide first empirical evidence for why and how some CVC units survive while others do not (Hill et al., 2009; Hill and Birkinshaw, 2014). This study analyzes additional criteria of CVC units’ success over time from the sparsely researched individual CVC level point of view. Extending previous research our study is not only based on a longitudinal dataset but also investigates CVC success from a configurational perspective.