Counterpart Ventures emerged from casual discussions between founders Patrick Eggen and Joe Saijo, who aimed to support corporate venture capital firms (CVCs). Over meetings at a beloved San Francisco restaurant, they identified a need for better relationships between startups and CVCs. Founded in 2018, Counterpart has successfully raised a $132 million fund and fostered connections among over 650 CVCs and 1500 investors. Eggen emphasizes the importance of CVCs, countering the common view of them as ineffective, highlighting their significant presence in the U.S. startup landscape.
"It was all about these relationships. And I had hundreds of these meetings-I call them coffee shots-where I was giving therapy to CVCs."
"The lazy sentiment by most VCs is that CVCs are slow, bureaucratic, don't help and suck time out of startups," said Eggen.
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