The Ledger
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Kashyap: Corporate VC is a better training ground than traditional VC
“And I think that's why I think corporate VC is a great training ground. You cannot necessarily do the things I'm talking about in a normal financial VC environment, but in the corporate VC environment, you can do these things”
Kashyap: Smart non-VCs can be trained into successful venture capitalists
“Basically, what I learned was you can absolutely take young professionals who are smart, who are just pure smart, who have never done VC, and you can train them.”
Kashyap: Corporate VCs foster greater diversity than traditional VC firms
“Historically, it's been very, very hard to see how there's sort of just a fundamental lack of diversity in the way it is, and I sort of trace it back to a little bit of the inflexibility with the VC model, and the financial VC model, and why I think corporate …”
Kashyap: Developing young VCs requires letting them write small checks early
“The lessons I've learned which have worked well is, you hire what you think are the best, smartest people, you give them responsibility very early on, and you give them responsibility by letting them essentially write small checks, make small investments”
Kashyap: Letting junior VCs make small mistakes prevents bigger errors later
“If a newly minted VC wants to write a small check, and you think that's a mistake, many times you'll say, why don't you go ahead and do it? And what happens is, If it turns out it didn't work out, they will never again do it again.”
Kashyap: Corporate VCs lack fixed check sizes and ownership targets
“In the corporate VC environment, we don't have constraints of, we have to write a check of X million dollars. We have to get 20% ownership. We only, only can invest in a sector that the LPs gave us money for.”
Kashyap: Corporate VC share will grow to 35% over 5-10 years
“Now, I don't have a crystal ball, but there was a recent report, actually just very topical, released, commissioned by Telstra, that came out just a couple of days back, which said that they see corporate VC going from 25% to 35%, I think, over the next five t…”
Kashyap: Good financial investments drive strategic value in corporate VC
“I've always been a believer that good financial investments lead to good strategic outcomes. And you know, if a company doesn't do well, there's no strategic benefit for anybody.”
Kashyap: Investor diversity makes commercial sense due to diverse end markets
“You want to have representation that's commiserate with what the end markets are. And so from a financial and business sense, a business perspective, it makes sense to have a diverse set of investors.”
Kashyap: Venture capitalists judge founders too quickly in one-hour meetings
“I feel that myself, you know, VCs and myself included, we pass judgment too quickly. We meet a company. We really don't know what journey they went through before they got To presenting us across the table, but you know, they basically get an hour and we pass …”
Kashyap: Venture capital funding for semiconductors has almost disappeared
“Very few VCs will touch semiconductors, and it's a core innovation. Hardware is a core innovation on which software resides. So we do need to see continued innovation at the bottom layers. But that has sort of almost gone away from the VC ecosystem.”