Bonny Simi, president of JetBlue Technology Ventures, shares 5 steps to making corporate venture capital a win-win proposition.

In today’s world of rapid innovation, we need to look only as far as companies like Lyft and Airbnb to see how quickly industries can be disrupted by startups and new technologies. According to Innosight’s study of turnover in the S&P 500, we are entering a stretch of accelerating change in which lifespans of large corporations are getting shorter.

In fact, Innosight’s research shows that the 33-year average tenure of companies on the S&P 500 in 1965 narrowed…