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> I wish they had spun it off so it wouldn't just have died within Google. Exactly. Why isn't this their norm? So dumb. Expand scope of Google Ventures. Or cr
by specialist 4y ago
> I wish they had spun it off so it wouldn't just have died within Google.
Exactly. Why isn't this their norm? So dumb.
Expand scope of Google Ventures. Or create "Google Spinoffs" with a tighter focus.
I'm certain they'd have plenty of Googlers/Xooglers who'd jump at the chance.
- bborud 4y agoI guess one way they could have done it is to spin out companies with enough money for 3 years of runway (with non-obscene compensation packages) for a minority stake in the company and a 2 year option to buy a majority stake for N times the valuation at the time of spin-out. That way they can give the product a chance, motivate the people who jump aboard and have the option to buy back the company within a reasonable time frame if it proves to be a success. It would also give Google an incentive to promote the company to some degree and perhaps channel business opportunities their way. (Or some variation of the above). Back when I left Google I would have been happy to take a deal along those lines.