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Exactly. Big companies can't innovate, they can't get out of their own way enough to get something all the way through. The way it goes: 1.Company with great
by iancmceachern 4y ago
Exactly. Big companies can't innovate, they can't get out of their own way enough to get something all the way through.
The way it goes:
1.Company with great leadership gets investment (angel, VC, government, etc.) to do something great.
2. Great leadership takes the time and effort to a - understand what is needed and how to recognize talent in those areas and b - gets that talent onboard, even if it's expensive and time consuming to align their desires with the companies
3. A great team, with great leadership, does great things.
4. Great things are profitable, so the company is sold to a big soulless company, or becomes a big soulless company over time
5. Many of the people with true passion and skill leave because they can. They generally leave because the toxic environment in big soulless companies hurts them and takes away what makes them individually so great.
6. Company is left with a shell. They manufacture and sell a product, but all the people who made that product from first principles, the people who can do it again, have been alienated,insulted, or otherwise fell victim to the toxic culture and had to leave to preserve their humanity.
Source: I've been through this cycle 3 times, one with a company that went IPO and is big now, one time with St. Jude/Medtronic and one time with J&J.
Edited to correct a spelling error
- eftychis 4y agoYou can also add my personal anecdota in the pot. Same experience. (I know there is self selection sampling here that needs to be adjusted for.)
- fatfox 4y agoBig soulless company will fail to replicate success of original founders due to lack of genuine vision for the acquired business. Will try to shoehorn acquired business into mega corps core competencies and remove whatever made it uniquely successful.
- 8note 4y ago4.5 the big company has different constraints that the small company did not have
- fatfox 4y agoCompliance and internal politics? :>
- iancmceachern 4y agoIt's basically this: https://youtu.be/BKorP55Aqvg https://youtu.be/BKorP55Aqvg Once all your meetings turn to this you have to leave, or lobotomize yourself
- subpixel 4y agoYou may have left out: big soulless company relaxes after neutralizing the threat posed by successful startup, falls back on its heels.