The Hard Part with Evan McCann Jonathan Wolkin from Deloitte Ventures
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Sep 23, 2024 Jonathan Wolkin, Managing Director of Deloitte Ventures, dives into the dynamic world of corporate venture capital. He discusses the growth of important verticals like fintech and worktech in Canada. Wolkin highlights why corporate venture capital is less mature in Canada than in the U.S. and shares insights on building successful relationships within Deloitte. He also reveals strategies for being an effective board member and emphasizes the significance of technology in enhancing healthcare.
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Why Series A/B Is The Right Stage
- Series A/B is Deloitte Ventures' sweet spot because companies show product-market fit and defined customers.
- At that stage Deloitte can use its network, go-to-market and systems-integration capabilities to accelerate scaling.
Canada Lags US In Corporate VC
- Canada's corporate VC participation lags the U.S. because the ecosystem is less mature and large tech corporates are fewer.
- Increasing corporate VC across industries can expand Canada’s pool of growth capital and create scaling pathways.
Define Your CVC Mandate Clearly
- Define your CVC's North Star: financially driven, strategically driven, or hybrid, because mandate drives incentives and behavior.
- Then clarify positioning in the ecosystem and how you will participate in boards and syndicates.