"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value." ~ Warren Buffet. Read on for the final instalment of our corporate venturing series.
Due to the relative ease of scaling technology, it's now possible for a team of 2 to scale to +600,000 users from a St Georges Tce office #TrueStory. Take the Taxi Industry and Uber San Francisco. I think we're all sure there would have been at least one taxi executive that would have written off Uber as a fringe effort having not yet comprehended the ability of a well-funded startup to scale quickly.
As existing business models and industries are reaching varying stages of maturity and decline in revenues or margins, a number of companies have turned to corporate venturing. In Perth we've seen some meaningful and decisive steps from the likes of RAC, HBF, Vocus and Navitas to name a few of the early movers in this space.