The COVID-19 pandemic and ensuing economic crisis has caught many legacy businesses flat-footed. The world of business will look significantly different as we come out of this crisis. Traditional 20th century frameworks will fail to navigate this uncertain time where outcomes are unknown.
SAN MATEO, Calif. (PRWEB) July 20, 2020
Draper Venture Network, an alliance of independent venture capital firms, today announced a joint venture with MovementMaker.io, a leader in empowering business leaders with techniques to drive their companies into wholly new directions. They have designed the first operator-crafted transformation toolkit called “Black Swan Offense.” It is designed to build organizations' internal Innovation DNA as well as give them access to external intelligence and technology via the Draper Venture Network - an open innovation platform of 25+ venture capital firms operating in Silicon Valley and in 60+ tech hubs around the world.
The Movement Maker program provides an operating system of techniques to catalyze innovation movements and drive transformation of legacy companies into wholly new directions. The Draper Venture Network provides an ecosystem and platform that brings the intelligence and operational know-how of cutting edge disruptive emerging businesses around the world. We believe that the marriage of these two - internal empowerment with external open innovation creates bold new movements (“Black Swan directions”) that will drive legacy businesses into leadership positions after this crisis and beyond.
“There is no better time than now to rewire legacy businesses and its people to develop Black Swan new directions and put them on a path to leadership in this Fourth Industrial Revolution. This program combines the best of Silicon Valley disruption with a revolutionary program for legacy companies to turn the tables and lead in a technological world that is truly unique and impactful. I am excited to be joining forces with the Draper Venture Network and to build the next generation of innovation movements within businesses that want to grow into new transformational directions,” said Sodan Selva, Movement Maker Founder and Managing Partner at Chia Ventures, Inc.
The COVID-19 pandemic and ensuing economic crisis has caught many legacy businesses flat-footed. The world of business and the consumers and clients it serves will look significantly different as we come out of this crisis. Traditional 20th century frameworks such as pooled customer research and management consulting will fail to navigate this uncertain time where the outcomes are unknown. The challenge for companies is to be both ‘innovation heavy’ and ‘capital light’ in order to bring their businesses past this crisis and into a successful future.
While many premier advisory firms charge multi-million dollar engagements and venture capitalist firms require several million dollars of investment to access their intelligence and dealflow, we are offering this program at a fraction of the cost, which will ensure ROI for participating companies. Through this program, participating companies will be able to develop internal tools for successful digital transformation into wholly new directions, and have access to investors and startups directly through the Draper Venture Network VC alliance. Companies that move on the path to truly reinvent themselves and create significant shareholder value, will emerge out of this crisis in the lead. This program will provide a results-oriented toolkit for moving in this direction.
“We are thrilled to be partnering with Sodan Selva and the Movement Maker program to deliver a powerhouse offering. Sodan’s experience in driving real transformation at large companies combined with our network of 75+ global tech investors (with over 1000 active technology investments in a variety of industries) is a gold mine for any mid-size or large company looking to interact with startups and redefine its future,” said Tim Draper, Founder of Draper Associates, DFJ and the Draper Venture Network.
About Draper Venture Network
Initially formed in 1990, the Draper Venture Network is a self-governed organization of independent venture funds that cooperate on investment diligence, marketing intelligence, corporate relationships, and co-investments. Our member funds raise their own capital and manage their investment decisions independently.
Founded in 2014, MovementMaker.io is a revolutionary transformation technique based program that empowers legacy business leaders to build innovation movements to drive their companies into wholly new directions and lead the Fourth Industrial Revolution.
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Facebook Movement Maker Leaders: https://www.facebook.com/MovementMakerLeaders
LinkedIn Draper Venture Network: https://www.linkedin.com/company/draper-venture-network/
LinkedIn Movement Maker: https://www.linkedin.com/company/movementmaker