When big companies like Amazon, Boeing and Microsoft invest in startups, is it all about the startup? Or is it all about what the startup can do for the big company?
The truth lies somewhere in the middle, representatives of the three companies’ venture groups said today during a Techstars Startup Week Seattle panel discussion.
On one hand, there’s no way Amazon’s Alexa Fund is going to back a venture creating voice-command software that doesn’t work with the Alexa voice assistant.
On the other hand, Microsoft’s M12 corporate venture fund isn’t going require the ventures that it backs to use Microsoft’s Azure cloud platform.