Speaker unverified: belief

Transcript context

…One final note before we move into Follow-Ups, Hot Takes, and Carve Outs. Are there any other people or companies who you admire that you think do corporate development or strategic investing really well? That’s a good question. I think you see lots of different models if we’re talking about just the investing side. Google has taken the approach of creating a separate fund and a whole separate team and creating those walls and trying to create a real VC. I think that’s certainly one way to go and the market will judge over time if they’re doing a good job with that or not and they’re essentially out there competing with any other VC for dollars. That can take away some of the strategic components to it too and so there’s all sorts of views on the spectrum. Corporate VC has gotten I think really hot for some reason over the last number of years and just about everyone. I was reading today, I think it was Tyson Foods, the folks that make chicken. They now have a VC looking at new protein replacement opportunities. So, Sesame Street has a VC. Pretty much everyone has a VC these days. Yeah, I’ve been amazed. It’s been so much talked about in the last couple of years, but you drive around in Silicon Valley and you see all the auto companies have their Silicon Valley centers now.…

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