Below is the speech TL;DR and you can read the draft here.
Reminder: You can read our news editor, Rob Lavine’s, preview of this year here, and his take on last year’s main issues in part one and part two.
- Capital is abundant causing returns to be driven by innovation
- Capital is fungible
- VCs have become minority participants in innovation capital
- Debt and equity should erode excess value
- Private markets are now as liquid as public ones
- Public markets are responding by raising valuations and easing conditions
- Issue remains how to become an owner of choice to innovators
- CVCs add value but need multiple strategies
- Recruitment and retention requires professional development
- Network effects and data become vital platforms
- This innovation capital ecosystem is threatened by geopolitics and conformism
- Intention required to solve challenges of energy, health and ICT
