“For me, a very interesting example is what Google is doing with Alphabet. And the reason I find this interesting is because you're seeing their venture capital groups working in tandem with their, the rest of the corporation.”
quote is from the automated transcript, cleaned for reading:
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More from Evangelos Simudis
Insight
Simudis: Corporations should build business development before launching venture groups
“90% of the times is to establish a venture group. And in retrospect, we determined that maybe establishing a venture group wouldn't have been the right first step. Maybe they should have established a business development capability before they even think abou…”
Evangelos SimudisJan 2, 2019▶ 8:15a16z Podcast | On Corporate Venturing & Setting Up 'Innovation Outposts'
PredictionNot checkable as stated
Simudis predicts 50% of corporate VC arms will close next recession
“Now by, I would call them unofficial statistics, there are Roughly a little over a thousand corporations, which in a sense makes sense because many more geographies have opened up in the intervening, you know, 1015 years, and I wouldn't be surprised if we have…”
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Insight
Simudis: Corporate moonshots that go exactly as planned lacked sufficient risk
“And when you're, our point is that when you are involved in moonshots, not everything is going to go as planned. And if it goes as planned, it means that you didn't take enough risks.”
Evangelos SimudisJan 2, 2019▶ 21:33a16z Podcast | On Corporate Venturing & Setting Up 'Innovation Outposts'
Opinion
Simudis: Silicon Valley tech companies will not completely overtake the auto industry
“There's also a lot of enthusiasm in the Valley from our own companies that we can completely overtake the automotive industry, and I think this is a fallacy. Completely obliterating it and making Silicon Valley the, you know, the next Detroit, it's hard for me…”
Evangelos SimudisJan 2, 2019▶ 30:36a16z Podcast | On Corporate Venturing & Setting Up 'Innovation Outposts'
Insight
Simudis: Corporate venture funds do not guarantee high-quality deal flow
“Just because you're establishing a fund, it doesn't mean that now you're going to start seeing a tremendous deal flow and the right deal flow”
Evangelos SimudisJan 2, 2019▶ 3:19a16z Podcast | On Corporate Venturing & Setting Up 'Innovation Outposts'
Insight
Simudis: Capital alone does not make corporate VCs valuable to startups
“Just because you have a venture fund and just because you're willing to spend some money doesn't mean that you become a value add partner of a startup or of a group of startups.”
Evangelos SimudisJan 2, 2019▶ 4:36a16z Podcast | On Corporate Venturing & Setting Up 'Innovation Outposts'
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