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For anyone wanting a short summary, these two excerpts pretty much summarize the entire situation: > One key issue facing Haven was that each of the three foun

For anyone wanting a short summary, these two excerpts pretty much summarize the entire situation: > One key issue facing Haven was that each of the three founding companies executed their own projects separately with their own employees, obviating the need for the joint venture to begin with > Many of the Boston-based firm’s 57 workers are expected to be placed at Amazon, Berkshire Hathaway or JPMorgan Chase as the firms each individually push forward in their efforts, and the three companies are still expected to collaborate informally on health-care projects Seems like a non-story, IMO

incongruity 6y ago
When three of the biggest names in America’s economy try to combine forces to upend another sector of the economy, that’s definitely news. When it fails, it’s even more so.
foobarbazetc 6y ago
How is it a non-story? Imagine how much money was spent on this thing, plus the copious write ups in Axios etc. They failed. The rest is noise. What do you think they’re “collaborating” on now that this JV is wound down? What’s a “health care project” in the context of JPMorgan? Employees still have normal group health insurance with normal healthcare delivery.
- superfrank 6y ago
  It's a non-story for three reasons, IMO. 1) All three companies are still working on health care projects on their own and it sounds like most of the Haven employees are being offered positions on one of those continuing teams. 2) While it's could just be press release talk, but they claim they will still collaborate in an informal matter. 3) The three companies combined have almost 1.5 million employees. This entire venture consisted of 57 people. Even for the smallest of the three companies (JPM) this Haven was just a drop in the bucket. I've personally worked at much smaller companies that pissed away far more resources and no one gave a shit. The idea is still valid, each company is still sees value in the space, there was no major falling out between the companies, and the number of employees affected in a negative way is negligible. This is basically an organizational restructuring. Total non-story, IMO.
dehrmann 6y ago
> Seems like a non-story, IMO The story is that an aligned, common goal isn't enough. You need cooporation and coordination to make it work. This is failure of the silo, and a reminder that in joint ventures, you have to work even harder to avoid that failure mode.

incongruity 6y ago

When three of the biggest names in America’s economy try to combine forces to upend another sector of the economy, that’s definitely news. When it fails, it’s even more so.

foobarbazetc 6y ago

How is it a non-story? Imagine how much money was spent on this thing, plus the copious write ups in Axios etc. They failed. The rest is noise. What do you think they’re “collaborating” on now that this JV is wound down? What’s a “health care project” in the context of JPMorgan? Employees still have normal group health insurance with normal healthcare delivery.

superfrank 6y ago
It's a non-story for three reasons, IMO. 1) All three companies are still working on health care projects on their own and it sounds like most of the Haven employees are being offered positions on one of those continuing teams. 2) While it's could just be press release talk, but they claim they will still collaborate in an informal matter. 3) The three companies combined have almost 1.5 million employees. This entire venture consisted of 57 people. Even for the smallest of the three companies (JPM) this Haven was just a drop in the bucket. I've personally worked at much smaller companies that pissed away far more resources and no one gave a shit. The idea is still valid, each company is still sees value in the space, there was no major falling out between the companies, and the number of employees affected in a negative way is negligible. This is basically an organizational restructuring. Total non-story, IMO.

dehrmann 6y ago

> Seems like a non-story, IMO The story is that an aligned, common goal isn't enough. You need cooporation and coordination to make it work. This is failure of the silo, and a reminder that in joint ventures, you have to work even harder to avoid that failure mode.