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There is a simple reason why megacorps don't spin off projects: they would need someone with vision to search for these projects and with high authority to proc
by coliveira 3y ago
There is a simple reason why megacorps don't spin off projects: they would need someone with vision to search for these projects and with high authority to proceed on the spin off. They don't have this kind of people, for the obvious reason that it is not their main concern. Executives in any megacorp are 100% busy making the core business a success, and investing time in small projects that may come to nothing is just a distraction. This may just explain why big corporations are just a waste of time and resources, in the long term.
- diceduckmonk 3y ago> They don't have this kind of people Because the people with vision and conviction would be running their own startups
- jameshart 3y agoNot just that they don't have those people. They also don't have the money. Because most companies are operating with someone else's money. It belongs to the shareholders or the investors or the bank. And they have been entrusted with that money in order to conduct a very particular business venture. If they go off using that money to spin up side-hustles selling engineering tools, they're taking risks with someone else's money to do something they weren't told to do.