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Yes for this to work the people involved need to take ownership of the projects. How to achieve this is what I am struggling with and would like to know if anyo
by danieltillett 10y ago
Yes for this to work the people involved need to take ownership of the projects. How to achieve this is what I am struggling with and would like to know if anyone has achieved success trying to create a startup like this.
I am an Angel investor and I see heaps of great teams working on totally terrible ideas and I want to say to them "drop what you are doing and come and work on this project". I don't of course do this, but everytime I see one of these teams I want to.
- brudgers 10y agoMaybe an alternative is to hand off responsibilities at the existing established company to free up time for new ventures. Those ventures could either be external or within the framework of the existing firm. One potential side benefit is that such strategies fit into a the development of a succession plan at the established company.
- danieltillett 10y agoI have actually started to do this, but if you have been running a business for a long time this is not easy as almost all the processes are built around you. My expectation is it is going to take me at least 18 months to get the business into a state where I am not needed.
- brudgers 10y agoThat sounds more sound than trying to outsource everything while running another business.
- danieltillett 10y agoSure is - the problem of course is the other projects just rot in the meantime :(