Listen in to the tips, tricks, and lessons shared by some of the M&A, CVC, and innovation experts who presented at The Collective in December.
The state of corporate venture capital, M&A, and growth tactics took center stage at The Collective in December, with senior executives from a variety of Fortune 500 companies sharing their secrets to success.
Here are some highlights.
US Bank: Dominic Venturo, EVP & Chief Innovation Officer
Secrets to success:
- Establish proper horizons
- Conduct hypothesis testing
- Provide monthly updates on emerging trends
- Align trend analysis with business strategies
- Determine scale and sustainability of trends
Toyota AI Ventures: Jim Adler, Founding Managing Partner
Secrets to success:
- Create an independent fund that is financially motivated
- Effectively manage business units
- Avoid being too hands-on, which slows down the startup
- Expand time horizon of CVC efforts
- Consider outside talent
- Plug into the right teams
Microsoft: Peggy Johnson, EVP, Business Development
Secrets to success:
- Be clear about the why
- Be consistent
- Culture and talent matter
- It’s a team sport