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To me the right solution is to have an 'umbrella company' - that startups can live under. By law, they'd be divisions (so bankruptcy law would never get involv
by mdda 16y ago
To me the right solution is to have an 'umbrella company' - that startups can live under. By law, they'd be divisions (so bankruptcy law would never get involved). But, internal to the umbrella company, there would be a culture of experimentation & iteration.
Like rejection therapy, the 'umbrella' employees could be encouraged to fail often : Not enough failure implies not enough risk-taking / innovation.
- euroclydon 16y agoHow does that solve the problem of not being able to unilaterally write off a debt obligation?
- mdda 16y agoIf you're having to rely on the ability to walk away from a commitment (to a supplier, say), then that needs to be built into the contract initially. In California (say), where the culture is 'built for failure', the contracts already embed that optionality - meaning that the pricing already has the possibility of default built in. Negotiating the same flexibility elsewhere should just increase the pricing. Just as offering gold-plated guarantees in California should reduce the pricing.
- deleted 16y ago[deleted]