The Partners/Managing Directors of a CVC are often drawn from classic corporate roles such as strategy or M&A. This points to a strategic setup and decision making. On the contrary, if the Partners/MDs have a commercial/entrepreneurial background, (even better: outside the corporate), a more classic VC approach can be expected. CVC setups, where the MDs report to an internal innovation manager or are in addition to the CVC unit also responsible for the corporate’s internal innovation activities can, again, create conflicts of interest.
These questions are aimed at clarifying the business model and logic of CVC units for entrepreneurs/founders and co-investors to enable a successful cooperation – with success being defined by the founders’ needs.
If you have a different point of view, more questions to add, or are curious how many ‘yes’ you would get from EnBW New Ventures, please get in touch with me.