Fri, 4 June 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. With the growing number of startups seeking funding, it’s easy to increase your corporate VC fund to capture more deals. Fund sizes in many corporate VCs increase almost every year. For many startups, too much funding can bring unexpected problems. It’s best to start small and grow the fund organically. The corporate VC also needs to build out the program to provide the strategic and forecasted results. Many startups that pursue corporate VC need substantial support. Most corporate VC funds are started when their strategic initiatives come up short. The corporate VC must consider the needs of the fund as well as the needs of the startup. Start with a small investment up front, then start looking for a connection with the corporate group with meaningful interactions. Too much funding will create the impression that the funding was the end-game when collaboration should be the outcome. Measure each step that leads to a productive collaboration. The startup should feel like a successful part of the company and not a hired contractor. In the end, you must find a good fit and build a strong collaboration process.
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Fri, 4 June 2021
In this episode, Hall welcomes Jim Stallings, CEO of PS27 Ventures. Based in Jacksonville, Florida, PS27 Ventures is a veteran-owned venture capital firm that invests in early-stage companies that are driving dramatic changes in high-growth markets. Their investments focus on healthtech, e-commerce, fintech, SaaS, and sustainability companies. They work with a diverse group of founders to provide the tools, resources, and expertise they need to succeed. They use a hands-on approach and require their companies to attend weekly sales calls, peer-to-peer events, and annual programs. They also work alongside them to assist with cash flow management. PS27 has a proven success rate for graduated portfolio companies who have gone on successfully to build their companies. Jim is an internationally recognized business leader, entrepreneur, and investor who specializes in launching and scaling early-stage companies in areas of technology and e-commerce. Jim has been involved in starting dozens of new ventures in fintech, healthtech, and Software as a Service. He believes innovation should be viewed as the core offensive strategy of any company, "either disrupt or be disrupted". Jim's career spans over 30 years as IBM General Manager of several major lines of business including the company's $7B Linux software business, its intellectual property division with 39,000 patents, and its $21B global hardware sales group. He started his business career as a data analyst in the Space Division at GE. Jim earned a Bachelor of Science degree from the US Naval Academy and served as a Captain in the US Marine Corps. He is on the Board of Directors at Fidelity National Informations Systems (FIS), UGI Corporation (UGI), and Cannae Holdings, Inc (CNNE). He also serves as a Trustee on the Folded Flag Foundation which provides scholarships to descendants of fallen warriors in the US Military. Jim advises investors and entrepreneurs and shares his investment thesis. He discusses the state of startup investing and what he thinks will be the biggest change we will see in five years. You can visit PS27 Ventures at www.ps27ventures.com, via LinkedIn at www.linkedin.com/company/ps27-ventures, and via Twitter at www.twitter.com/PS27Ventures. Jim can be contacted via email at jbs@ps27ventures.com, via LinkedIn at www.linkedin.com/in/jimps27, and via Twitter at www.twitter.com/JimPS27. Music courtesy of Bensound. |