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Addressing pain points + exploring early-stage trends with Kevin Weber of Amex Ventures

Author
Walter Thompson
Published
Sun 04 Aug 2024
Episode Link
https://fundbuildscale.podbean.com/e/addressing-pain-points-exploring-early-stage-trends-with-kevin-weber-of-amex-ventures/

In this episode of Fund/Build/Scale, I interviewed Amex Ventures Managing Director Kevin Weber about some of the nuances between traditional VC and corporate venture capital.


It’s quite a mix: he’s looking for founders who can create value for individual American Express cardholders and the firm itself, so we talked about what types of opportunities he’s looking for, some of the problems he’s trying to solve, and the role risk plays in pushing organizational boundaries. 


“In many cases, I actually want to take more risk in some of the investments that I'm going to make because that risk and the investment that I'm making for the potential opportunity that I could have to American Express is likely worth the bet,” he said.


If you’re interested in pitching Amex Ventures or another CVC, listen in for insights on fintech, AI, and e-commerce investments, the importance of aligning startup strategies with corporate goals, and key advice for first-time founders on fundraising and market positioning.


Episode summary

00:19 Meet Kevin Weber: Amex Ventures' Managing Director


00:42 The Role of Corporate Venture Capital


01:24 Kevin's Career Journey


02:53 Amex Ventures' Investment Strategy


03:06 Differences Between Corporate and Traditional VC


04:05 Strategic Value and Partnerships


05:30 Focus Areas and Portfolio Companies


07:49 AI and Machine Learning in Venture Capital


09:29 Investment Process and Founder Relationships


15:11 Turning Investments into Partnerships


20:23 Collaborating with Businesses to Achieve Goals


20:39 Addressing Pain Points and Future Trends


21:10 Focus on AI


22:23 Business Goals and Fraud Prevention


24:09 Investment Strategies and Pivots


25:37 Exit Strategies and Acquisition Policies


31:40 Working with Accelerators and Incubators


34:44 Advice for First-Time Founders


39:07 Risk Tolerance in Corporate Venture Capital


Links

Thanks for listening!


– Walter.

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