2 ms·
A lot of food for thought here. Particularly about the patent system. I was a bit bemused by "Noble says the dispute is a result of classic cousin rivalry. “I
by gwern 6y ago
A lot of food for thought here. Particularly about the patent system.
I was a bit bemused by
"Noble says the dispute is a result of classic cousin rivalry. “If you do any research on businesses, when the third generation and cousins come along, that’s when a lot of the problems start,” he says. Studies show that 30% of family businesses survive through the second generation, but only 13% through the third."
Unless I'm misunderstanding the definitions here, that would seem to show that the third generation is identical (or better) in terms of risk of ruin?
- mc32 6y agoIt's not clear. We don't know how much reached the second generation. Presumably a few dissolve before reaching the second generation. How many is for us to guess from that information.
- guardiangod 6y ago>show that the third generation is identical (or better) in terms of risk of ruin? I am not sure but I think the person meant that 30% of the companies make it from inception to the 2nd generation, but only 13% of the remaining 30% make it to the 3rd generation?