Citi Ventures Competitive Analysis

Part
01
of three
Part
01

Morgan Stanley

Your research team was able to find interesting and important facts about Morgan Stanley and its operations. We placed these facts into this spreadsheet, and also summarize some points below.

Findings

  • Sigal Zarmi left her role as CIO at PwC to become the Head of Transformation & Technology Innovation at Morgan Stanley, a new role which is in charge of maximizing the company's technological assets and finding innovative products and solutions for their clients.
  • Morgan Stanley has made 136 investments, and led in 36 of them. Their most recent lead investment includes ByteDance, which raised $1.3 billion.
  • For fiscal year 2018, their net revenues were $40.1 billion, compared to $37.9 billion a year prior.
  • Their Institutional Securities division, which houses their investment banking operations, brought in $6.3 billion in 2018, which was an increase from $5.6 billion the year before.
  • Morgan Stanley's Wealth Management division ranks second in assets under management with $1.1 trillion.
Part
02
of three
Part
02

Citi Ventures

Introduction

After a thorough and exhaustive research through credible resources of information, we were able to provide the required data for CitiVentures in the rows starting from 2 to 13, column D of the attached spreadsheet. An annotation of NA has been entered in rows 9 to 12, since CitiVentures does not have any of these categories as part of its business due to the fact that CitiVentures is the global corporate venturing arm of the Citi Group.

Summary of findings

  • Vanessa Colella is the Chief Innovation Officer, Citi & Head of Citi Ventures.
  • The full leadership team at Citi Ventures comprises 50 key executives including Vanessa Colella.
  • Matt Carbonara, Managing Director at Citi Ventures, works out of the Palo Alto office and joined the ompany in September 2018.
  • He leads Citi Ventures investments in customer experience, enterprise IT, cybersecurity, data analytics, marketing technology, and machine learning.
  • According to CrunchBase, Citi Ventures has made 77 investments. Three recent investments include Zum, HoneyBook, and Second Measure.
  • On April 30, 2019, Zum, a California-based logistics platform, secured an undisclosed amount in series C round of funding from Citi Ventures.
  • On March 21, 2019, Citi Ventures led a $28 million series C round of funding in HoneyBook which is a business and financial management platform for small businesses.
  • In December 2018, CitiVentures collaborated with Hyperledger, an open source collaborative initiative designed to develop cross-industry blockchain technologies.
  • CitiVentures and Computershare have collaborated to roll out Proxymity which is a digital proxy voting platform developed through Citi’s D10X program in June 2018.
  • In October 2017, CitiVentures and StartOut partnered to launch global LGBTQ entrepreneur network to support, educate and connect LGBTQ entrepreneurs.

Your research team adopted the following strategy

We commenced our research by scouring the website of Citi Ventures for information on the Chief Innovation Officer at Citi. Other information was garnered through this method such as team size, and key hires. For team size, we counted the number of profiles mentioned on the team bios page of the website. For key hires, we considered only the one who was hired within the last three years in a key leadership or innovation role.

As a second research strategy, we referred to LinkedIn for further information on the CIO and the key hire's date of commencement of duties at CitiVentures to confirm that he was hired within the last three years in a key leadership or innovation role.

Thirdly, we referred to CrunchBase for investments done by CitiVentures. To ensure due diligence on the investment information, we also combed through news articles and press releases on business magazines such as Fortune and PR Newswire respectively.

For partnerships and key developments, we relied on the website's about us section wherein we could locate a timeline of key events that happened since the inception of CitiVentures. We sourced our partnerships and developments from the website and corroborated the information from other online publications such as news articles, press releases, etc.

For the information concerning financials, we tried searching CrunchBase but were not successful as it did not provide the required result. Furthermore, we tried to search the annual report of Citi Group with the intention of finding the financial information of CitiVentures. However, this research strategy failed because Citi Group has not divulged any financial information about its investing arm in the public domain. Lastly, we also referred to Owler for the revenue information of CitiVentures. Unfortunately, we could not rely on the provided information owing to the fact that the name of the CEO of CitiVentures was also not updated on the platform, Owler.

Finally, for the highlights on consumer, corporate and investment bank, commercial banking, and asset and wealth management arms of CitiVentures, we could conclude that information is not publicly available owing to the fact that CitiVentures is the global corporate investing arm of the Citi Group and it does not have any of these categories as part of its business.
Part
03
of three
Part
03

Goldman Sachs

Column B, rows 3, 4, 6, and 11 and column E, rows 2-13 of the attached spreadsheet have been completed.

SELECTED FINDINGS

  • JPMorgan has over 250,000 employees.
  • JPMorgan has hired Apoorv Saxena from Google and Manuela Veloso from Carnegie Mellon University to help identify opportunities in the artificial intelligence field.
  • Goldman Sachs has over 36,600 employees.
  • Goldman Sachs has appointed Jeff Douthit from Credit Suisse as its partner.
  • Goldman Sachs’ profit for the three months ended February 28, 2019 was $229 million.

Sources
Sources

From Part 02
Quotes
  • "Citi Ventures has made 77 investments. Their most recent investment was on Apr 30, 2019, when they invested in Zum. "
Quotes
  • "Zūm, a Redwood City, CA-based logistics platform for rides for school districts and families, secured additional funding from new investor Citi Ventures. The amount of the deal was not disclosed."
Quotes
  • "Aiming to capitalize on the growing number of creative freelancers and solopreneurs in the U.S., Citi Ventures led a $28 million series C round of funding in HoneyBook, the financial and business management platform for small businesses."
Quotes
  • "Citigroup's venture capital arm has invested in Second Measure, a company whose technology processes and analyzes billions of card transactions from millions of U.S. households to answer questions about consumer behavior. The bank would not divulge how much it is investing, but it is part of a $20 million Series A funding round co-led by Bessemer Venture Partners and Goldman Sachs. "
Quotes
  • "Following the successful production pilot, Citi C, +2.09% has rolled out Proxymity [SM] , an innovative digital proxy voting platform developed through Citi’s D10X [SM] program. "
Quotes
  • "StartOut, the largest national non-profit organization to support, educate and connect LGBTQ entrepreneurs, announced the launch of its Global LGBTQ Entrepreneur Network, powered by Citi Ventures. "
From Part 03