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From Startup Founder to KPMG Futures: Jessica Baird Walsh
Jessica Baird Walsh left Remote Social to join KPMG Futures as a venture partner, has run 760 consecutive days of running, and launched Capital X for female founders.
About the guest
Jessica Baird Walsh
Venture Partnering Lead at KPMG Futures and co-founder of Capital X
Jessica Baird Walsh was a venture-backed founder at Remote Social before pivoting into one of the more unusual career moves in the Australian startup ecosystem: leading venture partnering at KPMG Futures, where she works with early-stage founders on deep strategic relationships with KPMG’s enterprise client network. She has three children, has run at least 5km every single day for over 760 consecutive days, and is co-founder of Capital X, a platform connecting female founders with investors. She came through the Antler program next door to Tank Stream Labs three years prior to this episode.
Episode overview
This is a return visit. When Jessica Baird Walsh first appeared on Give It A Nudge, she had just come out of the Antler program with her company Remote Social. Three years later she is at KPMG Futures, has co-founded Capital X, and has not missed a single day of running since making a commitment she made partly to stay anchored through a difficult transition. Steve Grace uses the return to explore what the founder-to-corporate pivot actually looks like from the inside, what made a three-person founding team fracture, and what happens to your identity when the startup you built is no longer yours.
What KPMG Futures actually does
KPMG Futures is the innovation arm of the firm. Its mandate is to imagine the future of consulting as technology shifts change every industry, including KPMG’s own. Jessica leads venture partnering, which in practice means building deep commercial relationships between early-stage startups and KPMG’s enterprise client network. She describes it as far less corporate than she expected. She has three young children and works with significant flexibility, often online in the evenings after being present for her kids in the afternoons. The role is not a traditional big four career path.
“I’m not the personality type that necessarily fully embraces the concept of balance. I believe in balance as, you know, you have to give more to one part of your life at certain points.”
Jessica Baird Walsh 09:48
Why she left Remote Social
Remote Social had a three-person founding team. Jessica is candid that the original idea had been Mariam’s, and ultimately the team developed a significant divergence of opinion on what they were building. With three founders and a split on vision, execution became difficult. Jessica made the call to leave, which she frames as the best thing for the business and the investors even though she did not want to go. She had raised money, believed in the mission, and had strong relationships with the team. The decision was still hard.
760 consecutive days of running
Coming out of Remote Social, Jessica needed something to hold on to. She set a 30-day challenge, running at least 5km every day. She hit 30 days and kept going. When someone asked her publicly how long she would go for, she answered without planning to: a full year, no days off. She hit a year. She hit 760 days as of the time of this episode. In all 760 days, she says only 7 felt genuinely hard. She runs with a group at 4:30am on some mornings, typically does between 40 minutes and an hour, and acknowledges she will eventually need to take rest days to train for longer distances.
“I’ve made a commitment to myself. And sometimes I will get up at 4:30 and I’ll do it if I know I’ve got a busy day.”
Jessica Baird Walsh on the running streak 13:40
Capital X and the female founder funding gap
While at KPMG Futures, Jessica co-founded Capital X, a platform designed to help female founders find investors. She describes it as a passion project that grew out of the structural problem she kept observing from both sides of the table: founders with strong ideas who lacked the network to access capital, and investors who said they wanted to back more women but were not connecting with them. Capital X is live and operating.
Key takeaways
Chapters
00:18Jessica’s return: big changes since Remote Social01:02Jessica’s role at KPMG Futures explained02:16Working with early-stage startups in a corporate setting03:50Why KPMG continues to invest in innovation06:23Jessica’s journey from Remote Social to KPMG08:25Balancing startup and corporate cultures09:48Resources, flexibility, and three young kids13:32Running 760 days straight: the daily commitment18:20Launching Capital X for female founders24:37How Capital X helps female founders find investors27:16The future of work and AI: what’s next
Mentioned in this episode
Frequently asked questions
What is KPMG Futures and what does Jessica Baird Walsh do there?
KPMG Futures is KPMG Australia’s innovation division. Jessica leads venture partnering, which involves building deep commercial relationships between early-stage innovative startups and KPMG’s large enterprise client network. In some cases this involves investment, in every case it involves substantive strategic partnership. Jessica’s role is atypical for a large consulting firm, and her background as a venture-backed founder is a key differentiator in how she approaches it.
What happened to Remote Social?
Remote Social was a startup Jessica co-founded with two others after the Antler program. The founding team had strong complementary skills but ultimately developed a significant divergence of opinion on what they were building. With three co-founders and no alignment on vision, continued execution became too difficult. Jessica made the decision to leave the business, framing it as the right call for the business and investors, even though she did not want to leave.
How has Jessica Baird Walsh run every day for over 760 days?
Jessica started running every day after leaving Remote Social, initially as a 30-day commitment of at least 5km per day. After hitting 30 days she kept going. When someone asked publicly how long she planned to continue, she committed to a full year with no days off. She passed that milestone and reached over 760 consecutive days by the time of this episode, with only 7 days in that period feeling genuinely difficult.
What is Capital X?
Capital X is a platform co-founded by Jessica Baird Walsh to help female founders connect with investors. It is live at capital-x.co and addresses the structural gap between female founders seeking capital and the investors who say they want to back more women but are not finding them through existing networks.
Is it common for startup founders to move into corporate roles?
It is relatively unusual, and Jessica acknowledges she is among a small group who have run venture-backed businesses and then moved into large organisations. She argues the combination makes her more well-rounded than either path alone, and that her founder experience has made her a stronger operator inside KPMG Futures precisely because she understands both sides of the startup-corporate relationship.
Topics discussed
Full transcript
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Show full transcript (29 minutes, 5 sections)
00:18 Return visit: from Remote Social to KPMG Futures
Steve welcomed Jessica back three years after her first appearance, when she had just come through the Antler program with Remote Social. Jessica described KPMG Futures as KPMG’s innovation division, working on the future of the firm as technology changes at pace. Her role in venture partnering involves deep strategic relationships with early-stage innovative businesses and, where appropriate, investment cases built for the firm.
06:23 Leaving Remote Social
Jessica described the Remote Social founding team as having three strong co-founders with differentiated skills, including her own background in operations and hustle and her fellow co-founders bringing complementary capabilities. The original idea had been Mariam’s and he remained committed to his vision. When a significant divergence emerged on what they were building, execution became impossible. Jessica made the decision to leave. She describes it as the right call for the business and investors, not a defeat.
09:48 Life inside a corporate with three young kids
Jessica described KPMG Futures as far less corporate than she expected. She works largely from home, which allows her to be present for her three children in the afternoons. She is then back online in the evenings. She rejects the concept of balance as a static state, describing it instead as giving more to one part of your life at certain points and trusting the pendulum to swing back. Her pace of execution has not changed despite moving into a large organisation.
13:32 The 760-day running streak
After leaving Remote Social, Jessica set a 30-day running challenge: at least 5km every day. She hit 30 days and kept going. When publicly asked how long she planned to go for, she said a full year without thinking about it. She hit the year and kept going. At the time of filming she was at over 760 consecutive days. She runs with a group that starts at 4:30am on some mornings, typically covering 12 to 14km. On busy days she does around 40 minutes alone. In 760 days, only 7 felt genuinely hard.
18:20 Capital X and the female founder funding gap
Jessica co-founded Capital X, a platform helping female founders connect with investors. She described launching it while at KPMG Futures as a passion project driven by a structural gap she kept observing from both sides: founders with strong ideas who lacked the network to access capital, and investors who said they wanted to back more women but were not finding them. Capital X is live at capital-x.co. She is also running for the Indigenous Marathon Foundation’s 1000 challenge.
About the host
Steve Grace is the CEO and co-founder of The Nudge Group, a talent and advisory firm working with Australia’s fastest-growing tech and professional services companies. He has spent two decades recruiting and advising executive teams. Give It A Nudge is where he shares unfiltered conversations with founders, operators, and investors building something worth talking about. LinkedIn
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