Enterprise X.0 - Friday, May 30, 2008 21:49 - Comments

Innovators in corporate IT = the new VCs ?

I’m delighted to take a new position within Schlumberger: I’m coordinating our corporate IT Innovation efforts, with an emphasis on knowledge management (stop laughing, this is not your father’s KM, I’ll look at the most innovative stuff here). Also relocating to Paris from London.

We structure this activity in a pretty standard way, and I won’t go into the details here. I do want to say how I am approaching this role, however. In one word: I’m thinking of myself as a kind of VC.

I have to invest a limited fund of money and resources in a series of deals, and maximize the returns to our limited partners. That’s how I see my job, and to me that’s a VC job:

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