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I hear about lots of companies trying to do "internal startups." If your company is contemplating this.... then reading about Cisco's "spin in" successes is man
by beambot 12y ago
I hear about lots of companies trying to do "internal startups." If your company is contemplating this.... then reading about Cisco's "spin in" successes is mandatory.
I keep trying to tell people: If corporate "startup" founders don't have massive upside potential (spelled out in contracts), then it's probably not a "startup." It's just another way for the company to extract more productivity out of salaried employees. Over the long term, equity-starved founders will have to endure insane stress, massive efforts, and other startup "glass chewing".... This will be challenging if founders don't have the potential for a big payoff upon success. For example, this is why VCs are so concerned about ensuring founders have enough skin in the game.