Streetline Inc. has been selling its parking-sensor technology for only a year and it has just 30 employees, but International Business Machines Corp. is depending on it and hundreds of young start-ups like it to reach ambitious financial targets. A parking-guide application from Streetline, one of several young start-ups leveraging relationships with IBM. By 2015, IBM expects to add about $30 billion to its 2010 revenue of $99.9 billion, a challenging goal considering it grew its annual sales by around $10 billion over the past decade. To get there it is relying on relationships with ventu
. . . → Read More: IBM Banks On Small Start-Ups For Big Growth
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Started and organized by professionals involved in Corporate Venturing in 2003, SVA has 306 members representing 98 global corporations. It is a not- The term ‘strategic investor’ refers to a company that has a primary business of something other than investing, but invests, from time to time, in During the bubble, companies and VC’s actively sought out strategic investors for the “C” and “D” series of financings. They relied on the “irr A fast-growing company recently called me up for some advisory work. One of its main competitors, a multibillion-dollar company, was making overtures f |
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