Steve Blank

a16z Podcast | On Corporate Venturing & Setting Up 'Innovation Outposts'

Steve Blank, Evangelos Simoudis, Sonal, Michael

Evangelos Simoudis outlines how over 1,000 global corporate innovation outposts are evolving from the failed "innovation theater" of the late 1990s into strategic change agents that utilize early warning systems to navigate the convergence of AI, IoT, and new business models like SaaS. Drawing on case studies from BMW and Alphabet, he argues that successful corporations must deploy moonshot strategies targeting 10x improvements while embracing open innovation to counter the "Not Invented Here" syndrome. Ultimately, these entities serve as vital bridges that enable traditional firms to optimize current operations while collaboratively integrating disruptive technologies to counteract the shrinking longevity of the modern corporation.