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Google is creating a startup haven to prevent staff from leaving
- ChuckMcM 11y agoGood luck with that :-) Is 20% time still a thing? There are mixed messages coming out of exit polls. The Reynolds company did this pretty well, they actually funded their smart execs and had them run the new business, and if it was successful the company had first right of refusal on purchasing it outright. That meant a payday for the employees who had just spent all their time nurturing their idea into a successful company. Sun on the other hand kind of tried to do this and if you were "successful" your idea became an official project and maybe you got a promotion maybe you just got to keep working on it. Very low risk (you wouldn't be burning your personal credit history to get the idea flying) but also very low reward if it became a thing. Needless to say that version didn't actually get much participation.