Episode 138: Gina Domanig - Emerald Tech Venture's Pioneering CVC Path: Venturing into Sustainability
Gaule's Question TimeShow Notes
In this insightful conversation, Andrew Gaule (www.linkedin.com/in/andrew-gaule-6a7120), a seasoned corporate venturing expert, sits down with Gina Domanig (https://www.linkedin.com/in/gina-domanig/), the co-founder of Emerald Tech Ventures, a trailblazing venture capital firm dedicated to climate tech and industrial solutions. Emerald has been at the forefront of this space for nearly 25 years, investing in early-stage companies that are addressing sustainability challenges and driving innovation in sectors like energy, water, materials, and more. More details and outline below.
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Gina shares the genesis of Emerald, born from her hypothesis that sustainability trends would profoundly impact industrial sectors, creating new opportunities and challenges. Today, with over $700 million in active funds and mandates, Emerald's unique model involves partnering with over 50 industrial corporations as limited partners, aligning their strategic interests with financial returns. The conversation delves into the intricate dynamics of corporate venturing, exploring the purpose, process, people, and performance metrics that shape this ecosystem. Gina offers invaluable insights into navigating the complexities of deal flow, due diligence, syndication, and the critical role of building strong relationships with partners, including other funds, research institutions, and investment banks.
Here are 5 key topics from the podcast interview:
Purpose and Strategic Objectives of Corporate Venturing
Open innovation for corporates to find sustainability solutions
Identify early adopters, partners, and potential acquisitions in sustainable tech
Balance financial returns with strategic impacts
Venture Fund Process and Deal Dynamics
Long sales cycle to onboard corporate limited partners
Deal sourcing from direct pitches, networks, and proactive scouting
Thorough due diligence on technology, market, and value-add potential
Co-investing and syndication with other funds and corporates
People, Relationships, and Governance
Importance of strong relationships with corporate business units
Understanding fiduciary duties and potential liabilities as board members
Preference for observer roles over full board seats
Clear provisions for voting responsibilities and potential conflicts
Ecosystem Collaboration and Partnerships
Co-investing and syndicating deals with other funds
Relationships with research institutions for early-stage deal flow
Improving ties with investment banks for better exit planning
Performance Measurement and Cultural Impact
Focus on measurable impacts on core business, not just investment counts
Metrics like commercial arrangements, pilots, acquisitions
Internal communication and showcasing relevant startups
Driving cultural change by exposing organization to external realities
To book a meeting to discuss entrepreneurship, AI and other business change with Andrew - https://calendly.com/andrew-gaule/30min?
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