EUVC Live at GoWest | The Outlook for European Capital Sovereignty feat. Olivier Tonneau, Jeppe Høier, Paolo Pio, Fergus Bell and Prashant Agarwal

EUVCFeb 20, 202643 min

This EUVC panel cuts through the confusion around corporate venture capital with brutal honesty about what makes traditional VCs want to avoid CVCs entirely. The discussion shifts from tactical CVC operations to a provocative debate about longevity investing, where panelists challenge the Silicon Valley obsession with lifespan extension by introducing the concept of 'JoySpan' — questioning whether living to 200 matters if you're miserable the entire time.

Key takeaways

  • Corporate VCs must clearly define their purpose and investment thesis before approaching the VC ecosystem, as ambiguity about mandate kills deal flow and partnerships.
  • Governance structures are the primary friction point between CVCs and traditional VCs — investment committee processes, decision timelines, and authority must be transparently communicated upfront.
  • Successful CVCs operate like independent funds by clearly stating whether they lead or follow, their geographic focus, and stage preferences rather than trying to be everything to everyone.
  • The longevity investing thesis is evolving beyond lifespan to 'JoySpan' — investors are questioning the value of extreme life extension if it requires sacrificing quality of life and enjoyment.
  • Corporate venture arms need to 'speak VC language' by adopting standard industry terminology and processes rather than expecting the ecosystem to adapt to corporate bureaucracy.

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14:41· 35stactical advice

The governance mistakes that make VCs tear their hair out

14:41 / 15:15

Governance. That is probably where most of the VCs in this room, they tear out their hair. Right? When is your next investment committee? Who is on the investment committee? How do you decide? So when you build your CVC, get this right, communicate it clearly out to the ecosystem And act like one. Right? And basically tell the VCs how you operate. Are you a lead investor? Are you a follower? Or do you do seed rounds? What is your geography?

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