The next GCV Rising Stars awards, for those with less than five years in the industry, will be held at the Monterey Aquarium before the GCVI Summit at the end of January.
There is a new category for Emerging Leaders: those with more than five years’ experience but who are yet to become head of unit.
If you would like to nominate someone in either or both categories in 2020, contact efu@globalcorporateventuring.com and jmawson@mawsonia.com. We would appreciate your help in choosing the next generation of corporate venturing leaders.
“I am honoured to have made it on the GCV’s Rising Stars list twice, first when I was running the Qualcomm Life Fund at Qualcomm Ventures and then with DTCP as the head of venture and growth,” Young said. He added his second-place ranking in 2016 meant his peers took note of him and he was able to meet many new CVC investors.
Nine of the top 10 Rising Stars from the first awards in 2016 were later promoted.
His former colleague at Qualcomm Ventures, Varun Jain, who featured on the rosters in 2017 and 2018, joined SE Ventures as a partner earlier this month. Irit Kahan, DTCP’s Israel-based managing director, also appeared on this year’s Rising Stars list soon after her promotion.
Young headed the venture and growth team at Deutsche Telekom Capital Partners (DTCP), the corporate venture capital (CVC) arm of telecommunications firm Deutsche Telekom since April 2016, managing $1.7bn from Deutsche Telekom and other corporate sponsors and institutional investors.
Founded in 2015, DTCP has grown to more than 35 employees across three global locations in Silicon Valley, Europe and Israel. It will open a fourth office in Seoul by the end of the year. It is investing out of its $350m Venture and Growth Fund II, focusing on enterprise software-as-a-service companies with deep technology.
Young joined from mobile chip producer Qualcomm’s CVC subsidiary, Qualcomm Ventures, where he managed two funds: the digital health-focused $100m Qualcomm Life Fund, which he started in 2010, and the digital medicine-oriented $100m DRX Capital, a joint effort between Qualcomm and pharmaceutical company Novartis, launched in early 2015.
Young said: “[The Rising Star award] has helped me expand my network with our peers in the CVC and VC world, and served as an inspiration for others who just started their careers in the investment world.
“It has also pushed me to higher ground, learning from the best on the list. My years in the corporate venture world at Qualcomm have prepared me well to head the venture and growth team at DTCP.”
