General partner Steve Schmidt explains how Telstra Ventures managed the transition from internal unit to hybrid CVC firm.

Growing “faster and bigger” was the motivation for Telstra Ventures to spin out from parent company back in 2018. “We were doing very well and accessing more capital was an opportunity to grow further,” general partner Steve Schmidt told Global Corporate Venturing. The fund was originally formed within Australia-headquartered Telstra in 2011 and had built…

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