Corporate Venture Capital Exits?

Based on previous WSO threads, here are some insights regarding exits from Corporate Venture Capital (CVC) roles:

1. Industry Focus and Expertise:

   • Working at a CVC, especially within a specific industry like medical companies or hospital systems, allows you to develop a deep understanding of that industry. This expertise can be valuable when transitioning to other investing roles.

2. Opportunities for Transition:

   • CVC roles can provide a good foundation for moving into other investing roles at non-CVC firms. The experience gained in originating deals, presenting to investment committees, and leveraging distribution and marketing channels can be highly transferable.

3. Networking and Deal Experience:

   • Building a strong network and gaining relevant deal experience are crucial. These elements can help you connect with headhunters and funds, increasing your chances of transitioning to firms like General Atlantic (GA) or Insight.

4. Skill Development:

   • While CVC roles might be more laid-back with a focus on a target number of investments per year, they still offer opportunities to develop skills in deal origination and portfolio management. These skills are valuable in other investing roles.

5. First Client and Distribution Channels:

   • One of the benefits of working at a CVC is having the first big client for your portfolio companies and access to distribution channels. This experience can be attractive to other investment firms looking for candidates with practical, hands-on experience in scaling companies.

In summary, transitioning from a CVC role at a medical company or hospital system to other investing roles at non-CVC firms like GA or Insight is feasible, especially if you leverage your industry expertise, network effectively, and highlight your deal experience and skill development.

Sources: Healthcare / Biotech Venture Capital?, Q&A: Sr. Associate at a CVC fund, Q&A: 1st year VC analyst (~750M AUM), Top Venture Capitals that hire juniors?, The Other Road: Corporate Development Associate Fielding Questions