3 ms·
An utterly confusing and glib article. Firstly, it says Indian IT companies are hiring "failed entrepreneurs and successful VCs" without specifying what that m
by r0h1n 13y ago
An utterly confusing and glib article.
Firstly, it says Indian IT companies are hiring "failed entrepreneurs and successful VCs" without specifying what that means, or why that should be the case.
As another commenter has pointed out, the entrepreneurs being hired are "experienced" (I'd even say "ex-entrepreneurs"), not "failed" ones. There's no evidence as to why they "failed". Did they go bankrupt? Did they grow at less than industry average? And what company on earth goes looking for "failed entrepreneurs" by design?
Conversely, why are "successful VCs" joining staid services companies that are poor paymasters? Doesn't make sense.
The combination - "failed executives and successful VCs" is even more hilarity. What is the logic? [Edited a typo]
- danohuiginn 13y ago"And what company on earth goes looking for "failed entrepreneurs" by design?" One weighing cost/benefit. Failed entrepreneurs will be easily an order of magnitude cheaper than their successful counterparts. If you think you can identify and correct why they failed, you have a good source of talent. e.g. "this person was great at product development but lousy at business administration, so we'll give her a CTO role" There are workable strategies other than "get the very best, and pay the moon for them"
- r0h1n 13y agoNormally that could be a reason. However, TCS, Infosys and Wipro have cash reserves of ~$3.5 billion, $4 billion, $1.5 billion respectively. The acquisition of "failed entrepreneurs" will be at best in the single digit million dollar range. And if the stated purpose of such acqui-hires is to "create disruptive technology", then I'd easily say they've got the cost/benefit equation turned on its head. You can't be disruptive by not taking risks, paying peanuts or being a miserly penny pincher.
- avemuri 13y agoYahoo seems to have done it. Successfully.
- r0h1n 13y agoAre you sure you're not conflating true disruption with media coverage/stock price appreciation?