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Fortune

Allie Garfinkle

As the Fortune 500 comes out, Cerity Partners’ Scott Lenet weighs in on startups, giants, and CVCs

Fortune Cerity Partners Palo Alto Networks

large group of people pose for a photo in a workplace (Credit: Cerity Partners)

This year’s Fortune 500 list came out yesterday, with Walmart topping the list and newcomers like Oscar Health and Palo Alto Networks debuting at 437 and 470, respectively.

The relationship between Fortune 500s and startups often functions like a two-way street. Startups work hard to land Fortune 500 companies as customers—and in rare cases, eventually become giants themselves. (Google, Meta, Amazon, DoorDash, Salesforce, Oscar, Palo Alto Networks, and Airbnb are just some examples of F500 companies that started as venture-backed dreams.)

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