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The School of InnovationAuthor: Yaniv Corem
This is your inside look at how innovation really works. Hosted by Yaniv Corem, CEO @AcceleratorOps, The School of Innovation dives deep into the systems, strategies, and people powering accelerators, incubators, and venture studios around the world. Whether you're just starting out or ready to lead, this podcast will help you build better programs with confidence. Language: en-us Genres: Business, Entrepreneurship Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Finding Success with Startup-Corporate Experiments
Episode 42
Monday, 10 May, 2021
Running a proof of concept between a startup and a corporate is notoriously hard. What does it take to make these experiments actually work? Jenny Wu and Roland Osborne from 500 Startups share their playbook for designing, running, and scaling successful startup-corporate POCs.About Jenny Wu & Roland OsborneJenny Wu and Roland Osborne work at 500 Startups, one of the world's most active global venture capital firms and startup accelerators, with over 35 batch programs and a portfolio spanning more than 75 countries.What We CoverWhat makes startup-corporate experiments succeed or failHow to design a POC with clear success criteriaThe role of internal champions in driving experiments forwardHow 500 Startups supports startups in navigating corporate partnershipsTips for startups on managing expectations with large organizationsTimestamps00:00 – Introduction01:00 – Jenny and Roland introduce 500 Startups05:00 – Why startup-corporate experiments fail10:00 – Designing a great POC: success criteria and structure18:00 – The internal champion: why they matter25:00 – Advice for startups entering corporate pilotsKey TakeawaysDefine success before you start. The most common reason POCs fail is that success criteria were never clearly agreed upon by either side at the outset.Find your internal champion. Every successful corporate-startup experiment has an internal champion who is personally invested in its success and can navigate internal politics.Time kills deals — and experiments. Startups operate on a different timeline than corporates. Explicit milestones and review dates keep experiments from dying a slow death of inaction.Resources & Links Mentioned500 Startups: 500.coWhere to Find Jenny Wu & Roland OsborneJenny Wu on LinkedIn: linkedin.com/in/jennywuRoland Osborne on LinkedIn: linkedin.com/in/rolandosborneWhere to Find Yaniv CoremLink in bio: sleek.bio/yanivcoremLinkedIn: linkedin.com/in/yanivcoremSubscribe & FollowSubscribe to The School of Innovation on Spotify or Apple Podcasts. Have a guest recommendation? Email hello@startupsystem.io
