At our recent Early Stage kalas, we had the opportunity to talk by length with Arvind Purushotham, the managing director and moreover global head of Citi Ventures, about how startups would need to think about corporate venture elbows, including what a check from your enterprise like Citi often times will be, and how to leverage that sorts of Goliath once it’s undoubtedly a financial partner.
For founders trying to understand benefits and potential snares of working with a corporate endeavor arm versus a more traditional endeavor team, it’s very much that is worth zipping through this essay.
Among the many themes addressed, Purushotham gave our team insight into how corporates end up with altered the way they work in many cases, driven by necessity. The results at Citi Ventures, your ex said, is that they’ve were forced to move faster in order to be particularly competitive. Still, owing to your dog’s internal systems already needed, involving risk and submission teams and senior governance, moving faster mostly has not been a problem.
Said Purushotham: “We haven’t had to wait for a second shut down or we’ve not wanted to request the company to do a the second phase close. We’ve been able to seal along with the rest of the the alliance. ”