Srinivas Gattamneni (pictured), a former corporate venturer at UK-based chipmaker ARM, has joined with two other alumni of London Business School to set up a consultancy firm to help investors in private entrepreneurs.
Gattamneni is now managing director of Venture Pursuit. His two directors are Dimitrios Stoimenou, who previously spent four years as senior manager of commercial, ventures and start-ups at mobile phone operator Vodafone, and Gudrun Herrmann, who also remains an adviser at the Experience Excellence consultancy firm.
Gattamneni said: "Venture Pursuit’s primary focus is on helping corporate venture capitalists [CVCs] and VCs [venture capital firms] with assessing the deals in the technology and telecoms domain.
"We found, at least in Europe, there were no consulting practices dedicated to helping CVCs or VCs. While most of the large management consulting firms, like McKinsey, Booz & Allen [and] Bain, have dedicated private equity practices, nobody was worrying about helping the VCs who are getting more and more thinly stretched across new technology domains and are cash or talent constrained on ever growing their analysis teams.
"CVCs can use our help as an insurance for the due-diligence that they do, tap into our expertise and use our services to solve their bandwidth issues when the deal flow is high."