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From speaking with folks who worked in Area120, one underappreciated benefit to having an inhouse incubator in a conglomerate is that ambitious folks will go th
by ddp26 4y ago
From speaking with folks who worked in Area120, one underappreciated benefit to having an inhouse incubator in a conglomerate is that ambitious folks will go there instead of leaving for a startup.
Then they get "acquired" back into another division of the conglomerate. Startup scratch itched, equity in pocket.
So the real outcome was retention. Though that's hard to measure.
- tpmx 4y agoSure, I can see the value of something like that. Perhaps that's why I never heard of these things - it was an inhouse holiday resort. Not meant disparagingly. I personally spent a year in such thing, before I was "recalled to duty". Corporate politics is a thing.