High Alpha pioneered the venture studio model, combining startup building with venture investing. The company will soon launch its 20th company out of the studio, and is on pace to launch a new company every 50 days this year.
The business is more efficient than ever at launching startups, and while it is fun to take stock of our accomplishments, it is also humbling to recognize how much we still have to learn.
Since the early days of High Alpha, the company has experimented with corporate partnerships. Corporations have a deep understanding of their markets and access to customers.
High Alpha knows how to quickly launch and grow startups, and has learned via first-hand experience that combining the speed of a venture studio with the knowledge and scale of a large corporation can lead to amazing results.
That is why the company decided to launch High Alpha Innovation: to help the world’s leading organizations innovate through systematic startup creation. We are doing this to benefit scaled enterprises and High Alpha.
For scaled enterprises
When large organizations are efficient and effective at innovating, humanity benefits.
Unfortunately, it’s getting harder for scaled enterprises to innovate in meaningful ways.
Centralized R&D and M&A are significantly more expensive and less efficient than they once were. Innovation is more distributed, it is harder for large companies to compete, and life cycles of corporations are shrinking as a result.
Many organizations have not changed the way they approach innovation, despite a lack of results. There is too much innovation theater—or even worse, innovation that actually renders organizations more fragile.
To win in a world of distributed innovation and competition, scaled enterprises must somehow retain their ability to execute and coordinate resources while becoming better at learning.
Startups are designed to learn. For this reason, startups will power transformative innovation for a long time to come.
In the next decade, corporations' success will be determined by the quality of their engagement with startups.
Resilience in scaled enterprises, like any complex system, is built by making as many mistakes as possible, for the lowest possible cost per mistake. The venture studio model presents a natural way for scaled enterprises to systematically and efficiently experiment through startups — units that are designed to learn.
For High Alpha
We have enjoyed tremendous success at High Alpha so far. However, important questions remain about the venture studio model. We want to iterate faster, run more experiments, and improve.
How might we iterate and improve more quickly? How might we scale the model to launch 100 startups a year?
The answer involves applying our venture-building playbook in new contexts, and with new partners.
Fifteen years ago, very few corporations were engaged in corporate venture capital. Now nearly all of them are engaged in outside venture investment, with different degrees of success.
We believe we are at the front end of a similar trend with venture studios.
Fifteen years from now, most scaled enterprises will either have their own captive venture studio or a program for partnering with external venture studios.
We are exceptionally well-positioned to help corporations navigate this dynamic frontier. In fact, we think we can do this better than any other venture builder in the world.
These partnerships we form with scaled enterprises will enable us to launch more startups, create more opportunities for the people they employ, and improve the venture studio model faster than we ever could on our own.
Our promise
High Alpha Innovation is launching with a promise to the organizations we partner with that we can help them achieve tangible innovation through systematic, rapid startup creation.
We are open for business, and we are actively seeking partners and individuals who want to join us in our mission.
Let's build, together.