Corporates could learn a lot from the VC mindset for identifying and backing innovative ideas. (1) Bet on exceptional teams, not ideas. (2) Take an iterative approach to product market fit, don’t think you can script it—there are too many variables you don’t see and the fastest way is to hit the market, learn from your mistakes and iterate up the progress gradient. (3) Accept high rates of failure. These learnings are still assets and it encourage risk taking.