“Corporate VCs and corporations have many, many more definitions of success. And so, yes, a lot of the times their goal is to make a financial return, but [other times] it might be to maybe replace some R&D; it might be for acquisition targets; it might be to get advice on a certain new technology. What I always do when I work with corporate VCs and consult with them, I always say, ‘You really have to define what success means and you cannot have seven different definitions of success.’ And then once you know what that is, we will work backwards from there.”
– Angela Lee, founder of 37 Angels
This week's VentureFuel Visionary is Angela Lee, founder of 37 Angels, an investing network that has evaluated thousands of startups, invested in a hundred, and activated new investors through a bootcamp. Angela is an acclaimed professor who previously served as the Chief Innovation Officer at Columbia Business School. She imparts knowledge in venture capital and leadership through her courses.
Angela leads us in a thought-provoking discussion about investing. We explore her framework for vetting startups and discuss the art of saying no.
VentureFuel builds and accelerates innovation programs for industry leaders by helping them unlock the power of External Innovation via startup collaborations.