By Héctor Shibata, director of investments & portfolio at global corporate venture capital (CVC) fund AC Ventures (ACV) and adjunct professor for entrepreneurial finance; and Ricardo Latournerie, a VC investor at ACV
“If you have always done it that way, it is probably wrong” – Charles Kettering
Today there is an excess of capital in the VC markets that include corporations who are actively participating in VC investments. It is easy to identify technology companies that through their funds such as GV (formerly Google Ventures) Coinbase Ventures, Salesforce Ventures, seek not only a financial return but mainly innovation, disruptive technologies and new business models that support their strategy.
In the first half of 2021 alone, the corporate VC funds (CVC) have invested more than $78bn in 2,099 transactions, which represented an increase of 133% in terms of capital and 27% in terms of the number of transactions compared to the same period of the previous year (CBInisights). It is estimated that globally there are more than 4,000 CVC funds, which represents an increase of 6.5x between 2010 and 2020 (The State of CVC,…
