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"And what company on earth goes looking for "failed entrepreneurs" by design?" One weighing cost/benefit. Failed entrepreneurs will be easily an order of magni
by 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?