cvc

Here’s what we got into:

• Deals of the Week: Ruth Foxe Blader is leaving Anthemis, albeit slowly; Exponent has a second fund set up, but without a pure fintech focus; and Alex wanted to talk about why 2024 could be a pretty alright year for crypto.
• Layoffs, shutdowns: Frontdesk laid off 200 people and is shutting down, which makes for a good conversation about its business model. Countdown Capital is also throwing in the towel, due in part to larger multi-stage funds inflating the entry point for hot seed deals. It’s a trend worth keeping an eye on.
• Helping one another: Israel is working to support its startup industry which has been disrupted by the Israel-Hamas war, and how the new Tech for Palestine group was formed.

And that’s Equity for this week! We’ll be back on Monday!

Connect with Equity on X and Threads @EquityPod, and keep up with all of TechCrunch's podcasts @TechCrunchPods on TikTok.

For episode transcripts and more, head to Equity’s Simplecast website.

Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!

Credits: Equity is hosted by TechCrunch's Alex Wilhelm and Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. And we had a lot to cover this morning!

• Crypto prices are rising, which is good news for the decentralized economy, as increasing prices track with heightened trading activity and consumer interest.
• We have another busy week of SaaS companies reporting quarterly results, which will hopefully provide a useful temperature check for tech valuations.
• CoreWeave's new $7 billion valuation had our tongues wagging, as did delays at Google's AI project.
• And then there was Spotify cutting staff in light of economic conditions. The company can't outgrow its core market forever, and with largely static gross margins, the only lever it can really pull is its cost base.

That's it for today! More on Wednesday and Friday!

For episode transcripts and more, head to Equity’s Simplecast website.

Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!

Credits: Equity is hosted by TechCrunch's Alex Wilhelm and Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

0:00 -- Intro.

1:30 -- Start of interview.

2:27-- Claudia's "origin story". She was born in Taiwan and grew up in Brazil. She came to the US after college. She studied CS and later went to work for IBM, where she had a 30 year career including founding the firm's Venture Capital Group. Post IBM, she joined NEA as a venture advisor, and has served on several corporate boards.

8:31 -- On the evolution of corporate venture capital (CVC) at IBM, and the industry generally. In 2012, she was the first CVC partner to join the board of the NVCA.

11:54 -- How CVC investors fit in the boardroom of venture-backed companies ("usually via board observer seats").

15:40 -- How should boards approach the current downturn.

19:15  -- On Silicon Valley's "growth at all costs" mantra.  "It's a phenomena of too much money in the market."

23:32  -- On supermajority voing stock and founder control. "VCs don't build companies, founders do." 

29:25 -- The role of the board in strategy and innovation. "The strategy is owned by management, the board's role is to continuously help calibrate that strategy."

33:22 -- The oversight duties of directors relating to cybersecurity. "We can't throw enough money at it."

36:31 -- On the evolution of ESG. "It started with very positive tones where everyone was supporting it." "Good companies can do both: good financial results and good corporate social responsibility." ("this is not a new phenomenon").

39:40 -- On stakeholder governance. "I don't know who influenced who" in connection with Hubert Joly, former Chair and CEO of BestBuy (where she serves as a board member.) [Check out this interview that I did with Hubert Joly for the Sciences Po American Foundation in 2021]. "Great companies like IBM have held up its cultural values consistently for a very long time."

41:38 -- On the evolution of boardroom diversity. "The board's role is to ask questions to really challenge management to think outside of the box." "Diversity of gender, life experience, expertise or age [is critical for this purpose]." "The California boardroom diversity policies set up momentum that have helped improve people's ability to think outside of the box in terms of board composition. Hopefully this continues to happen without the need to have these laws in place."

44:26 -- How directors should think about geopolitical risks in the current environment. "You have to have a very strong local team." "The risk is considerably higher."

45:52 -- What are the 1-3 books that have greatly influenced your life: 

1. Crossing the Chasm, by Geoffrey Moore (1991) (and others by this author).

47:07 -- Who were your mentors, and what did you learn from them? "People who care enough about me to give me very honest feedback." (difference between mentors and sponsors).

48:20 -- Are there any quotes you think of often or live your life by? 

"People will forget what you said, people will forget what you do, but people will never forget how you made them feel."

49:46 --  An unusual habit or an absurd thing that you love: she loves cleaning.

50:30 --  The living person she most admires: Hillary Clinton.

Claudia Fan Munce is a venture advisor at NEA, and serves as a board member at Best Buy, CoreLogic, the Bank of the West/BNP Paribas, the Energy Impact Acquisition (SPAC) and the National Association of Corporate Directors/Northern California. She’s also a Lecturer in Management at the Stanford Graduate School of Business.

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 You can follow Evan on social media at:

Twitter: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

You can follow Evan on social media at:

Twitter: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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You can join as a Patron of the Boardroom Governance Podcast at:

Patreon: patreon.com/BoardroomGovernancePod

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

So you've made an API. It connects one thing to another, and it works well. How do you turn that into a business? On this week's TechCrunch Live, I host the perfect pairing of guests to talk about this.

Stephany Kirkpatrick co-founded and runs Orum and has raised $82m for the company, which sells the Momentum API

Orum calls it "A simple, smart payments API." It enables customers and businesses access to real-time payment rails without requiring a bank integration. This is a hugely impressive feat – but we're not here to talk about the API itself but how you get investors to fund an API.

With Stephanie, we have Matt Sueoka from AMEX Ventures – the VC arm of American Express. They participated in Orum's Series A. And I think this makes for an interesting setup.

AMEX Ventures is a corporate venture capital firm, and they tend to have different goals and operational input than a traditional VC fund. And because of that, you, as a startup founder, should have different approaches and expectations. We'll talk about it.

But first, let's talk about TechCrunch Disrupt. The show is coming up in October, and tickets are still available. It's live and in person in San Francisco's Moscone Center. We have five stages of content with huge newsmakers on the Disrupt stage, more content like TechCrunch Live on the TC + stage, breakouts sessions, Q&A events, and Startup Battlefield, which is huge this year. Anyway, I hope you can make it. If anything, come to the event and watch me mess up live and in person. I'm hosting Startup Battlefield, which means there are so many names I'll going to miss pronounce. 

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.

What was on our minds this morning? The following:

• Global markets are generally down, albeit nothing too terrifying. The American stock market is trying to regain its footing after weeks of selling.
• What's ahead for crypto startups in the wake of the Terra/Luna meltdown? Bloomberg wonders about a general slowdown, and we look at the Crunchbase data of who backed the ill-fated stablecoin.
• Startup layoffs are accelerating -- not as bad as before, but enough to warrant our attention. Layoffs.FYI is back, y'all!
• The Topship round, invested in by Y Combinator and Flexport, has our recent look at CVC hitting just right.

It was an awful weekend in America, which leaked into the show somewhat. Take care of one another.

A few housekeeping notes before we go: This is not a live-show week, so Equity will simply come out on Wednesday and Friday mornings. And this week is our TC Sessions: Mobility event, which you can learn more about here.

Credits: Equity is hosted by TechCrunch's Alex Wilhelm and Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

Follow Eric here: https://www.linkedin.com/in/ericwhobrey/

learn more about Arco/Murray here: https://www.arcomurray.com/

In this episode, you will learn:

• Swapna's journey towards becoming a VC, and how her culture, upbringing, and work experience influenced the process
• How is Qualcomm any different from other corporate VCs in the industry? How does their portfolio thesis set them apart?
• Qualcomm's fulfilling journey with MapMyIndia, culminating in its stellar IPO performance
• How should founders practice prudence while utilizing capital, and intangible resources? An illustration of Shadowfax
• Why is Qualcomm particularly interested in logistics and supply chain startups? How can better infrastructure fully tap this sector's potential in India?
• What is Qualcomm Women Entrepreneurs India Network? How does it aspire to motivate women entrepreneurs in Deeptech?
• What are some inequalities and prejudices miring the Indian startup ecosystem?
• What are the changing trends in the Indian startup industry? What composes its potential as a global investment market?

About

Swapna Gupta is a Director at Qualcomm Ventures India, based out of the Bangalore office. She manages investments across all sectors in the technology related ecosystem. She spends a significant amount of time building a high-quality deal pipeline, executing deals and portfolio management. She has led and manages investments in companies such as Locus, Zuddl, Shadowfax, Ninjacart, Stellapps, Moveinsync and Reverie (Acquired by Reliance) among others. Prior to joining Qualcomm, she was part of the Investment Banking team at EY, India where she concentrated on Private Equity and M&A of Technology/Telecom companies. She is also part of class 25 of the prestigious Kauffman fellow program.

In this episode, you will learn:

• What was Joshua's first working experience and how did it propel him to enter the world of VC?
• What are some of the prejudices that lead VCs to lose out on great startups?
• What are the two types of founders? Is one better than the other?
• What are the characteristics of a great entrepreneur?
• The one question that no one tells you to ask yourself before fundraising
• How does Mandiri Capital add value to its portfolio companies?
• What is Mandiri Capital's 'Inclusive Incubator Program'? How can it benefit you?
• What are some of the changing trends in the Indonesian startup ecosystem? How can entrepreneurs and investors steer its wheels in the right direction?

About

Joshua is an experienced tech investor in Indonesia. He has 8+ years of experience in the venture capital industry and has been managing a total of 6 funds to date. He is currently serving as Director of Venture Funds in Mandiri Capital Indonesia - the corporate VC arm of Bank Mandiri, which is the largest corporate bank in Indonesia. He is responsible for leading fundraising and investment operations of Mandiri Capital’s new venture fund vehicles.

Prior to Mandiri Capital, Joshua was the Vice President of Investments in MDI Ventures, corporate VC arm of Telkom Indonesia. Under his tenure, he led MDI Ventures’ investment department and managed to achieve a track record of 9 exits in 6 years of fund life with 100% DPI and managed to source 3 unicorns (startups with valuation > US$1Bn). Besides investment activities, Joshua is also actively involved in industry and market research where he co-led MDI Ventures' 2 whitepaper publications. 

Joshua holds a bachelor's degree in Economics (Cum Laude) from the University of Indonesia and was inducted into Forbes Asia 30 under 30 2021 in Finance & Venture Capital category. 

Notable deals: Kredivo, Mobile Premier League, Payfazz, PrivyID, Bukalapak, Whispir

"NOSSA CONVERSA" está no ar! La Liga e CVC (grupo investidor) fecharam o bilionário acordo com clubes espanhóis. Não concordaram - ainda - Real Madrid, Barcelona e Atlético de Madri. Pedi ao consultor Fernando Ferreira, um importante especialista no assunto, que explicasse como esse negócio vai funcionar e quanto receberá cada clube da 1ª e 2ª divisões do futebol espanhol. Ouça o podcast e saiba como esse tipo de comercialização — que pode chegar ao Brasil — será feita. 

See omnystudio.com/listener for privacy information.

Dexter Cousins is joined by Melissa Widner, CEO of Lighter Capital, the pioneer and leader in revenue based financing for tech start ups and scale ups.  Seattle based Lighter Capital is backed by NAB and Silicon Valley Bank as well as US based VCs.   

Previously Melissa was the Managing Director of NAB Ventures, the VC arm of the National Australia Bank and a General Partner at Seattle based SeaPoint Ventures.  

She was the founder and CEO of 7Software, a Silicon Valley based enterprise software company acquired by Concur (Nasdaq: CNQR, acquired by SAP).  She was also the CEO of Northwest Industrial Supply.  Under her leadership, both companies generated over a 10X return to investors.  

Melissa is also the co-founder and Chairperson of Sydney based Heads Over Heels, an organisation that supports women entrepreneurs running companies with high growth potential. 

Melissa served as a lecturer at the University of Washington's Graduate School of Business where she taught courses on venture capital and entrepreneurship. She was previously on the board of the AIC (AVCAL) and has served on the boards of several venture backed technology companies in both the US and Australia. 

For more info go to https://www.lightercapital.com/

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Neste episódio, abordamos as transformações e as novas tendências para o setor de turismo no pós-pandemia. Ele responde uma das principais questões do momento, que é quando podemos retomar as viagens e o que muda para os turistas. Sobre isso, Priscila Forbes e Renato Ejnisman - diretor-executivo do Bradesco conversaram com Leonel Andrade, CEO da CVC Corp.

O conteúdo a seguir exposto pela empresa convidada não representa, necessariamente, a opinião e as práticas utilizadas pelo Bradesco. 

See omnystudio.com/listener for privacy information.

PayPal'ın Honey satın alması üzerinden dijital ödeme sistemlerine bir bakış.

Podcast'in tam metnine ve kullandığım kaynaklara buradan ulaşabilirsiniz.

LUMOST  

Fitbit satın alması üzerinden Google'ın djital sağlık stratejisinin analizi.

Podcast'in tam metnine ve kullandığım kaynaklara buradan ulaşabilirsiniz.

LUMOST

Ouça os destaques do suplemento Viagem destcopacaa terça-feira (03/12/19)

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One way for startups to grow or even exit is to work with corporates. Are corporates looking for financial return or strategic values while working with startups? For entrepreneurs, what are the challenges and opportunities to have corporates as their shareholders? How do overseas corporates see the chances in China? In this episode, we invited Andrew Gaule who has almost 20 years experience in Corporate Venture Capital (CVC) to analyze both sides of the table and delivered insights and suggestions for corporates and startups.

Show notes:

[1:10] Introducing Andrew Gaule

[4:57] The land of corporate venture capital (CVC)

[7:50] Challenges to have corporates as shareholders

[11:13] The motivation of CVC - financial return and strategic values

[19:15] How to protect startups’ advantages

[21:50] Things that CVC are doing wrong when approaching startups

[24:10] Corporates to think about China

[28:30] How to leverage the innovation in China for the rest of the world

[32:40] Challenges of CVC in China

[38:08] Concerns for startups to work with Chinese investors

[39:24] The impact of Trade War

Many thanks to our host Oscar Ramos, guest Andrew Gaule, editor David and Geep, producer Eva Shi, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com.

If you like us, please give us a 5-star review on the podcast platforms and share with your friends!

Follow us on Linkedin: www.linkedin.com/company/the-china-startup-pulse/

Email us: eva.shi@chinastartuppulse.com