Hi, everyone. Welcome to the A6NZ podcast. I'm Sonal. And today, Michael and I are speaking to

Evangelo Semudis, who is currently a VC, but started his career at Caltech, where he was one of

the original researchers of machine learning and has some of the very early patents on machine learning.

Then he became a software engineer and he went to Digital Equipment Corporation and then to IBM. And basically the reason we were having him on the podcast today,

though, is that he's recently co-authored a series of posts that focus on the topic of corporate

innovation, which we think is really interesting, given that so much innovation, especially

lately, is somewhat startup led. Yeah, those two words don't necessarily always go together.

They don't, and they've tried.

This is not the first time that this is being tried,

but I want to say that there is a lot more seriousness and introspection this time around.

Oh, really?

Seriousness and introspection this time around.

What do you mean?

So I think that corporates both based on the lessons they've learned in the late 90s, which was

their last foray into the valley and other startup ecosystems, as well as the disruption that

they're starting to feel today from startups,

they are trying to, they're thinking a lot more carefully,

or they want to think more carefully of what is the right way to approach ecosystems,

such as the valleys.

And, of course, this time the world is a lot more complex.

We have more than one ecosystem that matters.

We have many more technologies that matter.

...