Belkis Vasquez-McCall
McKinsey commentary
Partner
Even with restrictions in capital availability and higher interest rates, there is a greater awareness of, and commitment to, venture building. This isn’t seen just with classical tech companies; this focus is spreading to many other companies as well. We know that one of the top three priorities for companies is rewiring how they work, and corporate venture building is an integral part of that strategy.
One thing that we’re noticing is that with the difficulties in accessing capital, some companies are turning to external capital. Not every CEO will want to get into that model, but external funding sources—either venture capital or private equity organizations—can provide not just capital but access to talent and venture-building experience. For this model to work, it’s crucial to have a clear set of expectations with external partners, with a line of sight into funding (over a three-year period, for example), and how the new venture might be bought or spun off.