Podcasts about touchdown ventures

Welcome everyone to the weekly San Diego Tech News by Neal Bloom and Fred Grier from Fresh Brewed Tech. I'm Neal Bloom from Fresh Brewed Tech, the Tacos and Tech Podcast, and Interlock Capital. I'm Fred Grier, journalist and author of The Business of San Diego substack. I wrote about the tech industry for the San Diego Business Journal for two years. I covered the ins-and-outs of the startup world for much of that time, breaking news on IPOs, fundraising rounds, and M&A. Before we dive in, we wanted to ask our listeners and SD Tech fans to help us grow the show, leave a review and share with one other person who should be more plugged in with the SD Tech Scene. Thank you for the support and for helping us build the San Diego Startup community. 2/13/2024 News More multi-billion $ biotech exits Inhibrx - $2.2B Axonics in OC - $3.7B Talked Ambrx for $2B already Tyra & many other post-IPO raises   $200M for Tyra Biosciences $150M for Kura Oncology   Eggscape Entertainment - $4.25M seed Trust & Will recent raise Touchdown Ventures, Erie Ventures, Comcasts' LIFT Labs Aptera - $33m in crowdfunding   New fund alert! TL Fund by Connect - $15m, all proceeds go back into the fund   Super Bowl ads In the past - Clickup, Hologic, Cue Cue Health - layoff 30% of workforce   Events - For full list - check The Social Coyote North County meetup debrief SD VC 2024 Outlook - Feb 13 AgX Hackathon March 7-9

My guest today is Arthur Alves, corporate venture capital manager of Gerdau Next Ventures, the CVC arm of Brazilian steel manufacturer Gerdau. The venture fund was established in 2020 under in partnership with American CVC-as-a-Service firm Touchdown Ventures, and Alves was hired last year to fully integrate Gerdau Next Ventures into its parent company. The post Arthur Alves: Gerdau Next Ventures appeared first on CVC Unplugged.

In this episode of Engaging Alternatives Spotlight, Elana Margulies-Snyderman, Director, Publications, EisnerAmper, speaks with David Horowitz, Co-Founder and CEO of Touchdown Ventures, a venture capital firm that partners with corporations to invest in early and growth-stage companies. David shares the outlook for VC investing in early and growth stage companies, including the greatest opportunities and challenges, how the firm is integrating ESG and DEI and more.

In this episode of Engaging Alternatives Spotlight, Elana Margulies-Snyderman, Director, Publications, EisnerAmper, speaks with David Horowitz, Co-Founder and CEO of Touchdown Ventures, a venture capital firm that partners with corporations to invest in early and growth-stage companies. David shares the outlook for VC investing in early and growth stage companies, including the greatest opportunities and challenges, how the firm is integrating ESG and DEI and more.

Building partnerships and investing strategically can be key in the growth of a business. However, for big corporations, and small start-ups, creating and managing a variety of partnerships can be challenging. Today's guest created his company to help ease that process.On this episode we're sitting down with David Horowitz, founder and CEO of Touchdown Ventures. Touchdown partners with leading corporations to manage their venture capital funds, and currently they partner with Kellogg T-Mobile, Amerisource Bergen, Olympus, and Erie Insurance, Masco and Colorcon just to name a few. Prior to starting touchdown, David was founding partner and managing director at Comcast Ventures for nearly 15 years. There he focused on investments in digital media, advertising, technology, digital home education, and financial technology. David also helped start and was partner at Gencast Ventures, a seed stage venture capital fund affiliated with Comcast Ventures.Prior to Comcast, David worked in investment banking at Bear Stearns. He started South Jersey Tech Collective and networking group of entrepreneurs and investors in South Jersey, and David is also the inventor of the board game 'Frequent Flyer', which we'll talk about later in the program. Highlights: David's previous work, and introduction to Touchdown Ventures (3:10) Market change and transitioning into corporate venture capital (4:33) Benefits of corporate venture capital investing (6:08) Common mistakes corporations make with investments (7:19) Pros and cons of venture capital partnerships (9:11) Industries investing in corporate venture capital (11:12) What makes a company an ideal partner for Touchdown Ventures (12:53) How Touchdown Ventures' model works, and success examples (14:03) Effects of the current market on investing and venture capital business (15:35) The company's future goals and trajectory (17:45) David's board game 'Frequent Flyer' (18:42) Links:ICR TwitterICR LinkedInICR WebsiteDavid Horowitz on LinkedInTouchdown Ventures on LinkedInTouchdown Ventures WebsiteDavid's 'Frequent Flyer' board gameFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

Rich Grant is the founder & Managing Partner at Touchdown Ventures, a venture capital firm that partners with leading corporations to manage their corporate venture capital investment programs. In this episode we talk about: - What are Corporate VCs? - How is a Corporate VC different from a typical VC firm? - Why big corporations start their VC programs? - How Touchdown helps corporations set up and manage their VC programs? - Why should founders keep Corporate VCs on their target list? & lots more Links mentioned: Touchdown Ventures website - https://www.touchdownvc.com/ Follow Rich on Linkedin - https://www.linkedin.com/in/rich-grant/ Full episode video at https://vc10x.com/touchdownvc

What are the best ways for a startup to partner with a big corporation?   Beth Kearns from Touchdown Ventures tells about different partnership models, best practices and pitfalls to avoid.   This interview includes information from third party sources believed to be reliable; however, we make no representations as to its accuracy or completeness. References to strategies are for illustrative purposes only and should not be relied upon as a recommendation to engage in any particular strategy or to invest in any particular security. Opinions expressed herein are based on current market conditions and may change without notice and we reserve the right to change any part of these materials without notice and assume no obligation to provide an update. Recipients are advised not to infer or assume that any securities, strategies, companies, sectors or markets described will be profitable or that losses will not occur. Any description or information regarding investment process or strategies is provided for illustrative purposes only, may not be fully indicative of any present or future investments and may be changed at the discretion of the manager. Past performance is no guarantee of future results.  

Markets with Chuck Shelby, Risk Management Commodities. Heather Thompson, GROWMARK Director of Innovation and Scott Lenet, Touchdown Ventures, talk about their new collaboration. FarmWeek's Dan Grant spoke with New Holland/Logan County farmer, Grant LaForge, who won the state wheat yield contest.

Incrementally send your decks to VCs so you can constantly improve it, rather than sending it to every VC all at once.

You've probably listened to a lot of conversations with venture capitalists and angel investors, but this week we're looking into a unique firm that works primarily with large corporations, like Fortune 500 companies, and manage their venture capital investment funds. In this episode, Joe chats with David Horowitz, the Co-Founder & CEO of Touchdown Ventures. Dave talks about why he loves working in VC, what it takes to build a successful startup, and the inspiration for his interesting new side gig.

On this week's episode of Inside Outside Innovation, we sit down with Selina Troesch Munster, Principal at Touchdown Ventures. Selena and I talk about the changing opportunities in corporate venture capital, both for corporates and startups, as well as the impact in the growing focus of diversity, equity, inclusion, and how it's impacting the industry. Let's get started.Inside Outside Innovation is the podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat to what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Selina Troesch Munster, Principal at Touchdown VenturesBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Selina Troesch Munster. She is the Principal at Touchdown Ventures. Welcome back to the show Selina. Selina Troesch Munster: Thank you. It's great to be here. Brian Ardinger: I'm excited to have you back. You were out in Nebraska in 2019. You spoke at our Inside Outside Innovation Summit. And so, I'm super excited to reconnect after COVID to see what's going on in the world of corporate venture. Selina Troesch Munster: Yeah, it's such a shame that COVID ended in person events because that was such a fun event. And I encourage anybody listening to definitely get out there the next time it happens in person. It was fantastic. And I have relationships from that week that are still very fruitful. Brian Ardinger: That's awesome. Oh, I'll give a little bit of background to our audience members who may not have seen you there or heard more about you. But you started at Touchdown Ventures, I think in 2014 or so when it first got off the ground. Before that you were at Barclays in New York. You're currently an Adjunct Professor at USC teaching Venture Capital at the MBA school there. And then also just were named a Global Corporate Venturing Rising Star in 2020. So, congrats on that as well. Selina Troesch Munster: Thank you. Yeah, that's so accurate. Brian Ardinger: For those who aren't familiar with Touchdown Ventures, it's a corporate venture as a service almost type of company. So, let's talk a little bit about what is Touchdown Ventures and how does it fit into this corporate venture environment?Selina Troesch Munster: Yes, absolutely. So, Touchdown works with corporations to help them manage their venture capital programs. And what that means in practice is most corporations either don't have the appetite or ability to hire experienced VCs to run a program internally.So, what our co-founders decided to do was to create a service-based business where experienced VCs, work together with folks internally at the corporations to develop a strategy for, and then actually manage, these corporate venture programs. And the opportunity that David, Rich and Scott saw back in 2014, when they founded the business, was corporations have so much to provide to startups in you know, having a relationship with them. In addition to the capital that they deploy.But often they don't have the skill set necessary to identify which of those startups are a good investment opportunity. And then to manage those investments through to an exit, whatever that may be. Which is what we know how to do. We, on the other hand, don't have the expertise in the internal politics and priorities within that organization.And so, by marrying together, our financial analysis and, you know, opportunity evaluation skills, and then deal management skills, and their knowledge of what's impactful for their business, we have a really powerful way of making investments in startups. That as some of our corporate partners say, give them a bit of a leg up against their competitors based on that relationship. We work together with I believe 18 different corporations, as of right now, managing their funds. Each one is developed specifically for that corporation's goals and objectives and risk tolerance. And, you know, we have a dedicated team to manage each one of those specifically.And so, we run programs across a variety of different industries and have made, I think almost 70 investments at this point across all those programs. Pretty awesome growth from where we were in 2014. Brian Ardinger: When you think about corporate venture, it's somewhat new to the field of venture capital. I mean started probably with Intel. I think they were one of the first corporate venture funds to come on the scene. But you're seeing more and more companies look to startups and look to corporate venture capital as a way to either differentiate their Innovation efforts or have access to different things that they wouldn't have before. What do you think is driving corporates to taking a look at venture capital as a means to meet their goals?Selina Troesch Munster: I think there are a couple of drivers. One is the increasing rate of company formation and, you know, to use an overused word disruption within traditional industries. And so having the foresight that venture capital gives you of, oh my gosh, I just saw 10 companies that raised funding in a particular space. That gives you an idea of where the market might be moving toward and what a corporation needs to be aware of in terms of what might be coming their way and trying to eat their lunch in the future. And so, you know, even if we don't make that many investments over the course of a year, we still interacted with hundreds of startups and started to see what's happening out in the market. And that intelligence is a really important part of a corporate venture program, is you don't have to say yes to an opportunity to learn from it. The other thing that I think is driving it is that there is a lot of capital out there funding a lot of different types of businesses that haven't traditionally been venture backed. And so, we see it in the food space. That is a relatively new sector for investment for venture capitalists. You know, traditionally you're talking about software. That's pretty much it. And so, when you have VC money flowing into these sectors that are non-traditional VC sectors, you have a greater volume of threats to those businesses as well. And having that function where you get to have a much tighter relationship with some of these upstarts is really valuable to the corporate strategy team and really the business units. And there are also certain types of partnerships that just don't happen without capital investment. And startups are recognizing that they can leverage the capital raise process to also get really tight, great relationships with corporate partners in that way.Brian Ardinger: A lot of corporates out there, they do invest in the venture space, but they do it primarily just investing in other funds and that. So, are you seeing more and more companies wanting to take more of that hands-on approach? Not only just investing for ROI return, but investing in Touchdown Ventures and what you can bring to the table to give them that more hands-on insights and looks, in addition to just the ROI traditional financial model around it? Selina Troesch Munster: Yeah, I think that that's a big driver of what's helped our business grow, but also what's driven corporate venture funding to new highs over the past couple of years. And I think we've had a record year in corporations putting money into startups in 2020 and probably 2021 as well. How things are trending.And I think it is because of the desire for that direct relationship with the startup. It's something that we, as Touchdown enable because we're in the trenches with the teams at the corporations, talking through every opportunity that we see and figuring out which ones are good investment opportunities, as well as sort of strategic partnerships.And I think having fund investments also has a place within a portfolio approach for corporations. But the ownership of the program is really important to a lot of these folks because they want to see firsthand, who are these companies? What are they doing and how do we most productively create sort of mutual benefit between ourselves and the startup ecosystem? And that can be a little bit harder when you're invested in a fund and you're not necessarily seeing all of the deal flow. The Ewing Marion Kauffman FoundationSponsor Voice: The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation based in Kansas City, Missouri, that seeks to build inclusive prosperity through a prepared workforce and entrepreneur-focused economic development. The Foundation uses its $3 billion in assets to change conditions, address root causes, and break down systemic barriers so that all people – regardless of race, gender, or geography – have the opportunity to achieve economic stability, mobility, and prosperity. For more  information, visit www.kauffman.org and connect with us at www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn. Brian Ardinger: Are you spending more time working with the startups and sourcing startups, or are you spending a lot of time with the corporate folks trying to understand what their needs are? Is it 50/50? Walk me through the process of how you actually work with a corporate and a startup to make that match.Selina Troesch Munster: It's definitely a blend and with a team of three, for instance, on the fund that I'm working on, we split those responsibilities. And some days I spend more time with startups and some days I spend more time with their corporate partner. But both are really critical to being able to find those matches.And so, we spend, a fair amount of our week, having conversations with folks within the business units to understand, you know, what are your strategic priorities? What are the business problems that you're trying to solve? What are you trying to build internally so that we don't show up with competitors, what you're trying to do with your own R and D, but where are there places where you might want to accelerate what you're doing with an external partner? And based on that information, we will go have conversations with startups and say, all right, how well does this match up against what this person told us? Is this enough of a priority for them to spend the time to talk to this company?We manage both the funnel of investment opportunities, but also funnel of commercial opportunities where we say, all right, you know, every quarter we will come back to this person in R and D and say, hey, we talked about this last time. This is on your wish list of like, wouldn't it be cool if we could find companies that do this? These are the opportunities that we've identified. Let's talk about how they do and don't match up. And if there's anything that's sort of serendipitously really aligns, let's make sure that you were able to have a conversation and sort of take that the next steps beyond that first introduction. But it really is on both fronts that we're also figuring out what the startups care about. You know, I wouldn't want to bring a startup in and say, well, our partner is really interested in doing this with you and they're like, we would never consider that. So, there's, you know, a little bit of a needs assessment on both sides. Brian Ardinger: So, you're doing both the strategic investment and companies are buying equity in those particular companies as part of a fundraise. But it sounds like you're also doing some basically strategic matchmaking from a customer perspective. So, startups are coming to you and saying hey, we'd love to work with XYZ company, or are you a relationship with these? We'd be a good fit for providing services into that corporation. Is that a blend of what's going on as well, or? Selina Troesch Munster: Yep. Absolutely. And usually our conversations with startups are, look, you may not be fundraising right now, but there are other opportunities that we can facilitate for you. If we have an understanding of your business and an understanding of what you're looking to do with potential partners. That often gets us into conversations with companies kind of in between their formal fundraises as well, because we do have that added benefit of being able to facilitate commercial conversations.Brian Ardinger: So, you sit in between to a large extent for both the corporates and the startups. What are some of the key, I guess, problems or challenges that you would recommend for both the corporate and the startup to avoid when trying to make these relationships work?Selina Troesch Munster: I think corporates can be really scary to startups. I think that there are often legal requirements or legal agreements that the corporate wants to enter into that just look like a lot of work from the startup perspective. And look like risk from the startup perspective. And so, for corporations, I would say, keep it relatively simple on the legal side. Make sure that whatever you send over to a startup company in terms of, you know, whether it's an NDA or a side letter or, you know, commercial agreement that it's not the same thing that you would send to, you know, a bigger supplier or customer. So that's one. On the other side, I think startups often, rightly, but often see themselves as having so many different opportunities to help their customers or partners. And, if you show up with, like, I can be all things to all people, you're requiring a certain amount of imagination and thinking about what to do with your product, from someone who might have a day job, that they're very very focused on and doesn't have time to think creatively about where you might fit in. And so, the more specific a startup can be coming in saying, look, this is what we do. This is the opportunity we see with you. And this is how we would propose to work together. The easier it is for that person to say, yes, that's awesome. I definitely want to do that with you or, you know what, that's not quite what I want to do. I would tweak it in this way. Like, let's move forward. Or this isn't right for us. So, it gets you to an answer a lot faster, and it also takes some of the burden off of the corporate partner for doing the work of pitching your business. Brian Ardinger: To a certain extent it's oftentimes just finding what does that pilot first relationship look like, or that kind of first date and how would that play out so that both sides can become comfortable in that relationship and grow it as it goes along. The other area I want to talk about is if it wasn't already the case before, 2020 which has really put D. E. and I, diversity, equity, inclusion, front and center for most companies. And I'd love to get your insight and what you are seeing in the startup in corporate venture space and how folks are tackling and talking about D, E, and I initiatives. Selina Troesch Munster: Yeah, it's something that's very near and dear to my heart. At Touchdown, we've really worked on trying to figure out how we educate ourselves about bias and the impact that those unconscious or implicit biases have on how we do our jobs. But also, how we can actually make difference out in the ecosystem.It has had a lot of energy. Particularly related to improving the pipeline and hiring of minorities in whatever definition you want to, you know, make that, whether that's people of color, whether that is LGBTQ and funds are really paying attention to their recruiting process. I think it's going to take a while for us to see the results of that.I don't have any delusions that starting in 2022, we'll have like this wonderful, diverse set of, you know, of partners. That takes time, especially in VC, where partner positions are rare or the ability to raise money has particularly been challenging. I think, you know, the limited partners and allocators are paying more attention to it and making sure that they include that in their evaluation process, especially with emerging managers. It's going to take time. It's going to take a lot of time. And I think in the corporate space, where I see the most opportunity is using the existing diversity, equity, and inclusion initiatives to apply those learnings and insights and best practices to venture investing. And I've had a couple of conversations where we're talking about potentially announcing an investment and you know, one of the questions is all right, where might we have risks from a diversity perspective in you know, announcing this. Is like, is there enough diversity on this team? And what may we, or maybe not get, in terms of PR blow back from that type of announcement.Brian Ardinger: So, are you seeing a much bigger push from the corporates themselves to say, hey, we're not only looking for companies in XYZ technology space, but we're specifically looking for minority teams or, or different types of businesses, maybe even, then we looked at it in the past. Are you seeing that from corporates and they're pushing that? Or is it you're helping the corporates come along to that space?Selina Troesch Munster: It's a little bit of both. I think where we see it the most is actually, if we're thinking about, you know, a particular business problem where maybe the e-commerce team says, you know what, we're really not reaching this demographic. Help us figure out how to reach this demographic through the investment program.So, it's less about give me businesses that do a certain thing and more about help me understand this type of person that isn't buying from us today that want to buy from us in the future. Brian Ardinger: And then from the startup side, what are you seeing when it comes to diversity, equity, inclusion? Are you seeing startups being able to brace that more effectively in their partnerships and the relationships or what are you seeing on that side?Selina Troesch Munster: I'm seeing a lot more emphasis on the board level. Finding diverse board representatives. And so, one of our portfolio companies, it was particularly important, I mean, she was a female CEO, but it was particularly important to her to have a majority of women on her board. And so, identifying women with the good experience to help her achieve what she wants to achieve, but also maintaining that diversity of perspective. And so, at the board level, it's a really big focus and I'm seeing more and more advertisement, for lack of a better word, in pitch tags of the diversity of teams. And so, whether it is gender or racial diversity, all of those things are starting to come up more. Brian Ardinger: Are you seeing different types of businesses and different types of even locations around the country and that, they're getting on your radar because you're casting a wider net or companies are asking for more and different looks?Selina Troesch Munster: That's a good question. I haven't actually analyzed what our location diversity looks like. A number of our corporate partners are in the Midwest. And so have always had as part of the strategy, you know supporting startups in their own backyard. I don't know exactly how that's changed over the past year. That's an interesting data point for us to look at. Brian Ardinger: We sit in the middle of the United States and the venture world is different here than it is in the big markets. And it's always interesting to see how those trends are playing out location or technology or otherwise. I guess the last core topic I'll talk about is what's new and exciting in your world? What are you excited about? What trends are you seeing? What are the things that you're focused on? Selina Troesch Munster: So, I personally am focused on Ag Tech and Lawn and Garden investing. I manage our program with Scott's Miracle Grow, and it's been a really interesting year because people have, you know, from a consumer perspective, really shifted into spending more time in their gardens and thinking more about growing their own food.And so, there's been an explosion in interest and technology to help people do that more effective. Both from a macro trend perspective, but also from an environmental perspective. I found it really fascinating how big companies and small are tapping into the wellness and environmental aspects of growing.So that's been particularly exciting for me. And then on the flip side, in terms of professional agriculture, all of the issues that COVID exposed about the supply chain and how that affects, you know, how food gets to us, how food is grown, the energy impacts of that. I just read an article about, you know, the rising cost of electricity and what that does to greenhouse growers. Because often they're supplementing with light.And if the cost of electricity goes up and you're running on razor thin margin business at a certain point, it stops making sense. And so how do we help farmers with the systems that are necessary to better manage the business side of their business? In addition to the sort of the plants. So that's where I've been spending my time. It's, there's some of the interesting stuff that I found fascinating, the sort of the big picture problems that we're thinking about. Brian Ardinger: That's awesome. Well, I want to thank you again for coming on Inside Outside Innovation and sharing some of your insights on what's going on. Hope to have you back out in the Midwest sometime soon. And we can talk further about this stuff. The last question I want to know is Giants or Dodgers. I know you're based in LA, but which of the two teams is going to come through? Selina Troesch Munster: Giants. I am a diehard Giants fan. This is apparently the only thing that is not good about me from my husband's perspective, because he is a diehard Dodgers fan. So, we are a house divided for the, over the course of the series, and we'll see what happens. Brian Ardinger: It will probably be a tough week. This podcast will come out probably after the series, so we'll find out if you're right, and we'll probably check back in to see how you both are doing. Selina Troesch Munster: Yes. Let's hope the marriage survives. I think it will.For More InformationBrian Ardinger: Excellent. Well, Selina, if people want to find out more about yourself or more about Touchdown Ventures, what's the best way to do that? Selina Troesch Munster: I would go to our website, TouchdownVC.com. There you can link to our various content. Our blog is called Risky Business, and I am @SelinaTroesch on Twitter. So, you can also find out what I'm tweeting about. You can follow me there. Brian Ardinger: Excellent. Well, Selina again, thanks for being on Inside Outside Innovation. Look forward to continuing the conversation in the future. Selina Troesch Munster: Thank you, Brian. Appreciate it. Brian Ardinger: That's it for another episode of Inside Outside Innovation. If you want to learn more about our team, our content, our services, check out InsideOutside.io or follow us on Twitter @theIOpodcast or @Ardinger. Until next time, go out and innovate.FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HEREYou can also search every Inside Outside Innovation Podcast by Topic and Company.  For more innovations resources, check out IO's Innovation Article Database, Innovation Tools Database, Innovation Book Database, and Innovation Video Database.  

We discussed a number of things including:1. How the Corporate Venture Capital sector has weathered the pandemic2. The outlook in CVC sector in short and medium term3. Advice for entrepreneurs and innovators in these disruptive times4. His experience relating to the invention and launch of a new board game5. Answers to your questionsDavid is the Founder and CEO of Touchdown Ventures. Touchdown partners with leading corporations to manage their venture capital funds. Current Touchdown partners include Kellogg, T-Mobile, ScottsMiracleGro, TEGNA, Allegion, Avery Dennison, Colorcon, among many others. Prior to starting Touchdown Ventures, David was a founding partner and Managing Director at Comcast Ventures for nearly 15 years.David joined Comcast Ventures in 2000 as one of the first employees of the venture capital group. David also helped start and was a partner at Genacast Ventures, a seed stage venture capital fund affiliated with Comcast Ventures. Prior to Comcast Ventures, David worked in investment banking at Bear Stearns. David also started South Jersey Tech Collective, a networking group of entrepreneurs and investors in South Jersey. David graduated with a Bachelor of Business Administration with highest honors from the University of Michigan.David is also the inventor and publisher of Frequent Flyer, a new family board game which is available at www.frequentflyergame.com.

We talk with Scott Lenet of Touchdown Ventures about the pros and cons of corporate venture... and how Touchdown is trying to do it right.   Touchdown already has 45 people on the team, and they're actively hiring!  

Roman Pedan is the cofounder and CEO of Kasa Living which is a hospitality company that offers flexible accommodations for business and leisure travelers. The company has raised over $55 million from top tier investors including BoxGroup, Founder Collective, Ribbit Capital, NextGen Venture Partners, Touchdown Ventures, RET Ventures, and FirstMark Capital to name a few. 

Roman Pedan is the cofounder and CEO of Kasa Living which is a hospitality company that offers flexible accommodations for business and leisure travelers. The company has raised over $55 million from top tier investors including BoxGroup, Founder Collective, Ribbit Capital, NextGen Venture Partners, Touchdown Ventures, RET Ventures, and FirstMark Capital to name a few. 

Selina Troesch Munster, Principal at Touchdown Ventures, talks about how dancing helped her understand the comfort of uncertainty, being clear of what expectations are in a startup and in chaos (economic downturn situations), giving people the freedom to be creative and contribute, and the different phases of work that Touchdown Ventures does.Guest - Selina Troesch MunsterTwitter - @SelinaTroeschMedium - Risky BusinessFollow Us!LinkedIn: www.linkedin.com/company/coefficient-labsInstagram: www.instagram.com/demodaypodcast/Facebook: www.facebook.com/coefficientlabs/Twitter: https://twitter.com/coefficientlabsContact Information:social@coefficientlabs.com

David Horowitz of Touchdown Ventures joins Nick on a special Crisis Coverage installment to discuss How Corporate VC Will Respond. In this episode, we cover: What is your current view of the venture market given the current crisis? Corporates have a history of pulling back in economic downturns, what will happen now? This is your 3rd economic downturn, What is different about this economic period vs. prior recessions? Are there advantages to new corporate funds vs. existing corporate funds? Committed capital vs. not committed You told me you believe corporations are more important in this environment than startups why? What advice do you have for start-up companies on dealing with corporations? Fair that those discussions or partnerships slow down? What is your prediction when things return to normalcy? To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.

Dave & I have known each other for a long time. We first got to know each other through his involvement helping lead a Cincinnatti based startup accelerator, The Brandery. More recently, Dave came out with a book a couple of years ago called Predicting the Turn. There’s a ton I enjoyed about this week’s episode, but actually probably the thing I enjoyed the most was the detour we took into corporate venture capital. Dave’s actually been a corporate venture capitalist twice in his career and has two more traditional financially driven VC work experiences as well. And so his perspective on how to do CVC I thought was quite interesting and relevant for a lot of you who have been reaching out to learn more on the topic, dovetailing nicely into the podcast we did earlier this year with Rich from the Touchdown Ventures team.  Show Links:   Dave on Twitter & LinkedIn   Dave's book   The Brandery

Scott Lenet, President of Touchdown Ventures, takes a different approach to investing. With a tagline of VC as a Service, Scott helps companies set up and run their funds. Scott talks with Brian Ardinger, Inside Outside Innovation Founder, about corporate venture. Corporates can be some of the best investors on the Cap table and achieve multiple objectives, from financial to strategic.They can also help themselves while helping the startup. How have corporates changed their startup investing? - There's a correlation between corporate venture success and longevity/experience of managers. Touchdown works hand-in-hand with corporations. - Companies should set themselves up for learning, but not as a tire kicker.  - Touchdown is seeing demand from every industry. It's not only from large corporations, but also from mid-market and startups in SF.   - How do we stay innovative? All companies can see disruption. Can I do learning without investing? No. Startups won't share info.   How do you help companies think beyond their existing industries?   - Corporate venture capital helps you do this - Companies should be investing, differently = Core, adjacent, or disruption. Where do we want to focus our investments? - VC investing in 1% of what you see.   - Intel capital or M12 ventures - Commitment to the program and helping startups. Good financial fiduciaries. Provide strategic value for startup and corporation. Relevant to businesses. Intel backs disruptive innovators.  What should startups think about for corporate venture? What should corporate venture think about for startups? - Need to recognize corporations are large — many decision-makers. VCs can help you work with corporates.   - Can deliver strategic benefits for startups. Engage in market. How do we maintain dominant positions and partners? - Need a change of mindset to reap benefits in this space.  For more information For more information, on Scott Lenet or Touchdown Ventures check out touchdownvc.com For similar podcasts, check out: Ep. 152 – Acceleprise’s Olivia O’Sullivan on Investing in Corporate/Startup Collaboration Ep. 133 – Drive Capital’s Chris Olsen on Investment Innovation in the Midwest Ep. 42 – John Bungert with MetLife on Working with VCs and Internal Innovation Campaigns Find this episode of Inside Outside Innovation at insideoutside.io. You can also listen on Acast, iTunes, Sticher, Spotify, and Google Play.   FREE INNOVATION NEWSLETTER Get the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HERE For information regarding your data privacy, visit acast.com/privacy

Scott Lenet, President of Touchdown Ventures, takes a different approach to investing. With a tagline of VC as a Service, Scott helps companies set up and run their funds. Scott talks with Brian Ardinger, Inside Outside Innovation Founder, about corporate venture. Corporates can be some of the best investors on the Cap table and achieve multiple objectives, from financial to strategic.They can also help themselves while helping the startup. How have corporates changed their startup investing? - There's a correlation between corporate venture success and longevity/experience of managers. Touchdown works hand-in-hand with corporations. - Companies should set themselves up for learning, but not as a tire kicker.  - Touchdown is seeing demand from every industry. It's not only from large corporations, but also from mid-market and startups in SF.   - How do we stay innovative? All companies can see disruption. Can I do learning without investing? No. Startups won't share info.   How do you help companies think beyond their existing industries?   - Corporate venture capital helps you do this - Companies should be investing, differently = Core, adjacent, or disruption. Where do we want to focus our investments? - VC investing in 1% of what you see.   - Intel capital or M12 ventures - Commitment to the program and helping startups. Good financial fiduciaries. Provide strategic value for startup and corporation. Relevant to businesses. Intel backs disruptive innovators.  What should startups think about for corporate venture? What should corporate venture think about for startups? - Need to recognize corporations are large — many decision-makers. VCs can help you work with corporates.   - Can deliver strategic benefits for startups. Engage in market. How do we maintain dominant positions and partners? - Need a change of mindset to reap benefits in this space.  For more information For more information, on Scott Lenet or Touchdown Ventures check out touchdownvc.com For similar podcasts, check out: Ep. 152 – Acceleprise’s Olivia O’Sullivan on Investing in Corporate/Startup Collaboration Ep. 133 – Drive Capital’s Chris Olsen on Investment Innovation in the Midwest Ep. 42 – John Bungert with MetLife on Working with VCs and Internal Innovation Campaigns Find this episode of Inside Outside Innovation at insideoutside.io. You can also listen on Acast, iTunes, Sticher, Spotify, and Google Play.   FREE INNOVATION NEWSLETTER Get the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HERE For information regarding your data privacy, visit acast.com/privacy

David Horowitz of Touchdown Ventures joins Nick to discuss Corporate VC. In this episode, we cover: Backstory/ Path to Venture Talk about the 14 years you spent with Comcast Ventures -- what you learned and why you left? What lead to founding Touchdown Ventures? At Touchdown, you partner with leading corporations to manage the complete venture lifecycle from entity formation to investment management…Can you dive into the thesis/focus of the firm? Why would a founder choose corporate VC funding over institutional funding? I was reading through the “Risky Business” blog on the Touchdown website and found some pretty interesting articles…specifically one that talks about “the most overlooked skill in Corporate venture" being deal management…that it “requires more effort than all other activities combined”…why is deal management so challenging? Why do you think CVC's funding has historically been more inconsistent than institutional venture funds? Why are corporations willing to take minority stakes in startups? As Fred Wilson said on CVC—“You want the asset? Buy it.” Is there a risk to founders of taking investment from a large corporate that can "look under the hood" and reverse-engineer the tech or exploit the IP? Is the core objective of a CVC financial return or is it more of a strategy play? (i.e. market insight, actively trying to grow certain sectors) How does the mindset of a CVC change in a bear market, especially compared to institutional VC? How does follow-on funding work in corporate VC? If the corporate has a poor financial year, does a lower funding allocation affect follow-on allotment for winners? The firm was recognized by Global Corporate Venturing for having both established and managed the most corporate venture funds to date… At the industry level corp VC has peaked in funding in recent years. Why do you think corp VC has grown to this level and why did you raise the number of funds that you did? One of the articles on the Risky Business blog talks about fraud detection with reference to Fyre Festival and Theranos…Talk about some red flags that an opportunity may be a fraud and what you should do if those red flags are present?   To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.

After helping start Comcast Ventures, Rich left with 2 other partners to start Touchdown Ventures.   On this week’s episode, we have a great conversation about his perspective on CVC as well as unpacking the model that Touchdown Ventures is pioneering.   I’ve asked you for feedback on email, Twitter, LinkedIn & Instagram about the kind of content you’re looking for.   I remain interested in that feedback, but one thing I’m consistently hearing is that you want more information about Corporate Venture Capital as a growth strategy. Rich is a great person to kick off these conversations.     Show Links: Touchdown Ventures Focus Areas Want to Break Into VC? Try CVC! by David Horowitz Can Corporate Venture Capitalists Help Startups Go Public? by Selina Troesch

I spoke with Alex Nwaka, a principal with Touchdown Ventures, which provides venture capital services on behalf of leading corporations. We discussed the model of providing venture capital as a service, why law firms are investing in venture capital, how they are deploying their capital, and the challenges of supporting legal tech companies.

I spoke with Alex Nwaka, a principal with Touchdown Ventures, which provides venture capital services on behalf of leading corporations. We discussed the model of providing venture capital as a service, why law firms are investing in venture capital, how they are deploying their capital, and the challenges of supporting legal tech companies.

I spoke with Alex Nwaka, a principal with Touchdown Ventures, which provides venture capital services on behalf of leading corporations. We discussed the model of providing venture capital as a service, why law firms are investing in venture capital, how they are deploying their capital, and the challenges of supporting legal tech companies.

I spoke with Alex Nwaka, a principal with Touchdown Ventures, which provides venture capital services on behalf of leading corporations. We discussed the model of providing venture capital as a service, why law firms are investing in venture capital, how they are deploying their capital, and the challenges of supporting legal tech companies.

Maitree was born in India, moved to Kenya, and then grew up most of her life in California. At UCLA she started to explore opportunities in business and over the years became an investment banking analyst at Citigroup. But, after a couple of years in banking, she knew that her passion was in investing and helping entrepreneurs. She left Citigroup without a job only to pursue her passion of helping entrepreneurs. Through persistent hard work and staying committed to what was in her heart, she ended up at Touchdown Ventures, a leading VC in Silicon Valley. Maitree is now on a mission to help add more diversity in the VC community by creating a platform for young rising female investors and making it easier for them to share ideas and collaborate.