Korea Venture Investment Corporation is the venture capital arm of the Korean government with a founding mission to build a domestic startup ecosystem that would be as competitive as Silicon Valley. KVIC manages a basket of funds-of-funds and has become an irreplaceable force in the venture capital market after nearly two decades of operations. As Korea's startup ecosystem matures and private venture capital increases, KVIC's management confronts with the question of how to create new values using the government resources.