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@@ -256,57 +256,6 @@ M Ventures — Merck’s venture arm has invested in a broad range of startups f
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* Are you willing to commit resources for a long-term fund (at least 10 years)?
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* Are you willing to commit resources for a long-term fund (at least 10 years)?
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-### **6. Co-GP fund or strategic LP-participation (Redstone Model)**
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-This is a structure where an external VC dealmaking partner works closely with the corporate, taking advantage of their in-house expertise. Either the corporate takes the role as GP and LP together with external professional VC service providers of corporate invests together with a group of 3-5 peers with similar strategic interest.
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-**Advantages:**
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-* The VC investor brings a good track record and know-how to mitigate the risk of failure.
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-* The VC investor as an independent professional investment manager provides necessary neutrality to manage interests of multiple corporate LP-investors.
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-* The corporate, as a GP, has strong influence in the investment focus of the fund.
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-* Corporate LPs strongly benefit bespoke from data and service offering of professional VC investment manager.
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-* Both sides actively engage in decision-making through participation in the investment committee.
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-* The corporate can contribute their industrial expertise.
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-* You can define a clear investment thesis and have a data-driven evidence-based decision-making process.
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-* Potential to share management fees.
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-* You can share risks and write larger tickets.
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-* The corporate can learn from the expertise of external partner.
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-* Corporate can support startups to scale.
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-**Disadvantages:**
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-* You will need to collaborate with an external partner.
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-* Potential conflict of interest with other peers during exit.
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-**Who does this:**
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-* Future Industry Ventures — this is a co-GP fund between SBI Holdings, the financial services company and Redstone VC
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-* VR Ventures is a single GP fund of Berliner Volksbank actively co-managed by Redstone with more than 25 other LPs as co-investors
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-* Tane, the co-GP Fund between KauriCab and Redstone VC
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-**Questions to ask:**
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-* How important are financial returns?
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-* Would you allow the CVC unit to have independent branding?
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-* Are you willing to commit resources for a long-term fund (at least 10 years)?
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### 6. Co-GP fund or strategic LP-participation (Redstone Model)
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### 6. Co-GP fund or strategic LP-participation (Redstone Model)
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This is a structure where an external VC dealmaking partner works closely with the corporate, taking advantage of their in-house expertise. Either the corporate takes the role as GP and LP together with external professional VC service providers of corporate invests together with a group of 3-5 peers with similar strategic interest.
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This is a structure where an external VC dealmaking partner works closely with the corporate, taking advantage of their in-house expertise. Either the corporate takes the role as GP and LP together with external professional VC service providers of corporate invests together with a group of 3-5 peers with similar strategic interest.
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jesseng