3 clips
RRiding Unicorns
Mike Smeed explains how corporate venture capital operates differently from traditional VC by prioritizing collaboration over competition. He describes how CVCs like InMotion Ventures actively seek to co-invest with other corporate VCs and high-quality lead investors, viewing partnerships as mutually beneficial rather than cutthroat.
TThe Pitch
A venture investor advises aspiring fund managers to start with informal co-investing before launching a formal fund. The key insight is that once you raise a fund, you're locked into managing it for a decade or more, so it's better to test your interest through less structured arrangements first.
Lexi Novitske explains the biggest challenge in African venture capital: educating co-investors about appropriate valuations. She argues that while African companies show incredible revenue growth, they shouldn't command the same 10-15x revenue multiples that US companies receive.