Chevron Technology Ventures: How Startups Catch Attention from Corporate Giants with Kemal Anbarci
Kemal Anbarci has been at the helm of the Venture Capital group at Chevron Technology Ventures (CTV) for more than a decade. In this role, he oversees CTV’s primary funds and utilizes venture capital to facilitate the integration of new technology solutions within Chevron’s operations.
With over 30 years at Chevron, Kemal has gained diverse experience in upstream roles, including research and development, field development, mergers and acquisitions, and technology and resource management. He holds master’s degrees in operations research and petroleum and natural gas engineering from Pennsylvania State University, where he also completed his Ph.D. in petroleum and natural gas engineering. Additionally, he has an MBA from the University of California, Irvine, and a bachelor’s degree in petroleum engineering from Middle East Technical University in Ankara, Turkey.
Connect with Kemal:
LinkedIn: Kemal Anbarci
Websites: Chevron Technology Ventures | chevron.com/what-we-do/technology-and-innovation
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🎧 Episode Highlights
- [00:00] Podcast Begins
- [03:53] Risk & Syndicate: How does Chevron evaluate startups?
- [06:08] CVC vs Regular VC? Differences in the corporate vs private venture world
- [10:25] Step 1 for Startups: Initial steps & future plans for Chevron investments
- [15:45] No Reverse Pitches! Pain point problem solving as an investment priority
- [21:03] VC & the Global Energy Transition: Will private equity pave the way?
- [26:35] What’s Next? Carbon solutions worth looking forward to
🔑 Key Takeaways
- Differences in Corporate VC? Kemal believes there can be serious differences between the goals of corporate investors, vs private investors that startups may be more comfortable with. His advice is to always ask why investments are being made to determine if your startup really aligns with corporate priorities and end goals.
- Market Fit, Brand Fit! “The very first question I ask people is to see their pitch deck with a cap table and the board structure,” Kemal says, explaining the process for startups getting involved with Chevron, “Then, it’s about market fit, product fit, CEO fit.”
- Problem Solving as a Primary: Instead of getting stuck in broad investment and technology themes, Chevron Technology Ventures is focused heavily on investments that solve specific pain and problems for partners and suppliers.
👤 Guest Spotlight
Kemal Anbarci:
Kemal Anbarci has been at the helm of the Venture Capital group at Chevron Technology Ventures (CTV) for more than a decade. In this role, he oversees CTV’s primary funds and utilizes venture capital to facilitate the integration of new technology solutions within Chevron’s operations.
With over 30 years at Chevron, Kemal has gained diverse experience in upstream roles, including research and development, field development, mergers and acquisitions, and technology and resource management. He holds master’s degrees in operations research and petroleum and natural gas engineering from Pennsylvania State University, where he also completed his Ph.D. in petroleum and natural gas engineering. Additionally, he has an MBA from the University of California, Irvine, and a bachelor’s degree in petroleum engineering from Middle East Technical University in Ankara, Turkey.
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