Jeff Schumacher is the CEO of BCG Digital Ventures, a low-flying, two-year-old corporate venture group created by Boston Consulting Group and staffed, interestingly, with some former execs of BCG competitor Booz Allen. (Schumacher is himself a former Booz Allen managing director; he also spent six years with McKinsey & Co.)
Though the unit is seemingly late to the corporate venture game — corporate VC represented around 20 percent of all invested capital last year — Schumacher suggested to TechCrunch editor-at-large Mike Butcher earlier today that BCG’s timing is actually pretty great. “We grow by acquiring a lot of broken startups and [can] provide an exit for them that they otherwise wouldn’t have.” Added Schumacher, who is based in Manhattan Beach, Calif., “I’m starting to get a lot of calls already.”
You can see their quick chat, at our temporary studio in Davos, here: