New Member Spotlight: Flying Into the Venture Space with Bonny Simi and JetBlue Technology Ventures

by & filed under Corporate Venture, NVCA Blog.

Devin Miller

The uptick in the number of active corporate venture units in recent years has added plenty of new faces to the entrepreneurial ecosystem, but few of them are as unique as former Olympic athlete, long-time commercial pilot, and former airline executive Bonny Simi, the President of the new JetBlue Technology Ventures.

NVCA recently sat down with Bonny to talk about the new corporate venture firm she is leading.  A Bay area native who went to Stanford for undergraduate and graduate business and engineering degrees, Bonny was an executive at JetBlue before taking on her current role.  She has also piloted commercial planes for over two decades—and continues to do so—giving her a unique perspective on the travel industry that she now brings to the entrepreneurial ecosystem. (more…)

Advancing the Innovation Ecosystem by Accelerating Corporate and Venture Partnerships

by & filed under Corporate Venture, Events, NVCA Blog.

Lisa Lambert

As a venture investor who has been on both sides of the fence, I know how critical it is for corporate venture capital firms (CVCs) and private venture capital firms (VCs) to play in the same sandbox.  In fact, our collective mission is now more crucial than ever.  If we are to succeed at driving the growth of innovation, building competitive advantage, and establishing market leadership, CVCs and VCs must work together.  The question is: how?

Corporations have proven themselves to be valuable syndicate partners to the private venture community in recent years.  However, many CVC groups are realizing that it can also be strategic to be indirect investors.  CVC’s primary objective is to access the innovation ecosystem for product development, expansion and acquiring talent.  Many of them would prefer to access the community through a strategic partnership with VC firms rather than building an investment organization themselves.  Likewise, as venture investors continue to fundraise, the opportunity to have CVCs serving as Limited Partners (LPs) in their funds could be mutually beneficial.

(more…)

Welcoming New Leadership of the NVCA Corporate Venture Advisory Group

by & filed under Corporate Venture, NVCA Blog.

Jessica Straus

The NVCA Corporate Venture Group (CVG) serves as the voice and advisory council of corporate venture investors within the broader NVCA community.  Together, these leaders advance the education, professional development and networking mission of corporate venture groups, enabling them to accelerate the progress of innovation and growth through successful venturing.

Each May, nominated by their peers in the Corporate Venture Advisory Group, we welcome new members of the CVG Leadership Team for an annual term and new CVG Advisors join to serve a four-year term. CVG Advisors shape the NVCA and its service to the corporate venture investment community. Each quarter, the CVG highlights the thought leaders, research and trends shaping innovation and corporate venturing at our blog the NVCA Corporate Venture Connection.  (more…)

Recap: Corporate Venture Strategy Session on Measuring and Communicating Value

by & filed under Corporate Venture, NVCA Blog.

Jessica Straus

Corporate venture investment hit a 15 year high in 2015, both in terms of deal participation and dollars deployed. CVCs deployed over $7.7B into 930 deals– participating in 1 of every 5 VC deals.  With this dynamic environment, we know it’s critical for corporates and traditional VCs to connect and communicate to foster a collaborative environment. (View our latest corporate venture data.)

As corporate venture investors increasingly lead rounds that influence the development of next-gen industries from the blockchain to cognitive computing, how can CVCs find new and better ways measure the strategic value they bring to startups? (more…)