CDTB Colloquium held…"The Digital World that Startups Create and the Role of VC." 

The Colloquium organized by the Korea University Business School (Dean = Johngseok Bae) Center for Digital Transformation & Business (Center Director = Byungjo Kim, hereinafter CDTB), was held on July 15th(Fri) at the SUPEX HALL of LG-POSCO Building. The lecture, which was conducted both online and offline, was given by Yoon Pilgu, CEO of Big Basin Capital, under the theme of "The Digital World that Start-ups Create and the Role of Venture Capital (VC)."

CEO Yoon Pilgu explained the symbiotic relationship between Venture Capitals and startups by introducing examples of startups such as Uber and Airbnb, which have achieved explosive growth based on Silicon Valley, and venture capitals invested in each company. CEO Yoon said, "Venture Capital has a system that provides capital to startups and recovers investment when startups are listed or sold," adding, "It may seem to be a relationship linked only by capital, but we strive to create more than capital in the process of startup growth."

In the middle of the lecture, the content of the lecture covered starting up a company in the Digital Transformation era. CEO Yoon Pilgu talked about ideas, people, and capital, which are elements of start-ups, but emphasized, "All startups have technical elements, but in the end, people make technology, thus the most important thing is people." Also, he said, “Investing in startups itself is a risk.” and that " Even though it is difficult to predict the market situation, if there is a lack of product quality and the ability of the team to sell, we should fill it quickly and reduce risks."

At the end of the lecture, CEO Yoon summarized and introduced the entire industry, including venture capital's △ business characteristics △ capital sources △ division of labor, and wrapped up the lecture with a description of the successful strategies of startups invested by Big Bason Capital.
After the lecture, Village Baby CEO Lee Jungyoon, who received investment from Big Bayson Capital, came up to the podium to briefly explain Village Baby's start-up, process, and differentiation strategies. After 20 minutes of Q&A, the Colloquium ended.