Comment from Tracy Isacke, managing director, corporate venturing, Silicon Valley Bank
Since 2000, half the companies in the Fortune 500 have disappeared – either gone bankrupt, been acquired, ceased to exist or fell off the list. It is a stunning number. The expectation is that this trend is set to continue and everyone is racing to stay relevant. We have seen a tidal wave of non-tech companies starting up venture funds, accelerators or innovation initiatives and so far there is no slowdown in 2017.
Corporate venture is not just a nice-to-have,…