Early-stage VC at Qualcomm Ventures

Apr 13, 2016 • Varun Jain

Comment from Varun Jain, early stage VC, Qualcomm Ventures and Patrick Eggen, Qualcomm Ventures senior director, Early Stage Fund

Cruise: from a cold email to a $1bn-plus exit

Varun Jain, early stage VC, Qualcomm Ventures

Cruise Automation is being acquired by General Motors (GM) for $1bn-plus. Qualcomm Ventures, the investment arm of chip maker Qualcomm, invested in Cruise in November last year and I led the investment. We are the third-largest investor in the company. We will be forever grateful to Kyle [Vogt, founder and CEO] and his amazing team for giving us the opportunity to be a part…

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