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If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limitedpartners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. Not all VCs are equal.
And you’d like me to do my talk on CustomerDevelopment and startups?” “No, we’re the other CIA.” Their VC firm, In-Q-Tel , has been in business for 10 years, and like most VC firms they have an annual event where they show off their new portfolio companies to their limitedpartners and other VC partners.
Of course, bringing startups (whether prospective or existing portfolio companies) closer to operating divisions has business and customerdevelopment benefits. Access to potential buyers and partners is, after all, one of the main attractions why startups seek investment from corporate venture funds. Are they good sales people?
Network: Expa will provide a bi-weekly breakfast with individuals that can help Expa Labs companies + share materials with our limitedpartners at the end of the program. Hearing from real people was my CustomerDevelopment Process for Labs, and it felt good to “get outside the building” and talk to prospective “customers”.
million of it by the time they dissolved their partnership in 1968 – they returned $90 million to their limitedpartners – a 54% compound growth rate. More on this in the next post.
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