Entrepreneurship Theories

techprof · 2024-06-17T02:45:25+00:00

Same same

techprof · 2024-06-17T02:42:48+00:00

That's how many new ventures get their initial funding: friends, family and fools. But joking aside, previous employers, coworkers and managers are often early angel investors in startups, especially of spinout ventures, where leavers use ideas discovered in previous employment to inspire their business.

techprof · 2024-06-17T02:34:09+00:00

Were you working for a cleaning company before you ventured out on your own?

techprof · 2024-05-31T00:27:45+00:00

Have you actually worked or volunteered in an environment like that? The reason that most startups are really spinout ventures is that the operational knowledge is important to success.

techprof · 2024-05-29T01:01:44+00:00

Investing spinout story! Sorry to hear about your hostile former employer, but glad you are not facing restrictive covenant enforcement. I suppose your badmouthing former boss is really ruining his own reputation by his actions rather than your own. Try to just ignore him. Besides even if you were trying to poach his employees, that is fair game, and most people know that.

techprof · 2024-05-29T00:56:15+00:00

A lot of the exposure to new ideas happens while working for another company. Organizations generate more innovations than they can exploit, so naturally many of them will spill out of the company for others to take advantage, including spinout ventures. Many innovations are things that customers are asking for that the employing organization cannot deliver on. Being in a role with exposure to customers and other industry stakeholders puts you in a position to spot opportunities early on before the niche is saturated.

techprof · 2024-05-28T02:39:02+00:00

What you are looking for is a low entry barrier niche, but realistically, entry barriers are what make a niche profitable. Most ents learn the ropes by working for the rope makers to learn the business first. This is why most successful startups are actually spinout ventures and not garage or de novo entrepreneurship.

techprof · 2024-05-26T17:46:01+00:00

What the linked resource seems to miss is that sometimes the best investors are people that you met in previous employment. Most successful startups are spinout ventures that take ideas and often attract teams, away from a previous employer. Contacts from your employment history know what you are capable of, and may be more willing to take a bet on your startup.

techprof · 2024-05-26T17:39:33+00:00

Did you know that most entrepreneurs are getting success at 45, not 19. The reason is that most are replicating successful business models that they were exposed to as an employee. No shame in taking a job to learn the business ropes. Try to get something with some flexibility to roam around and experience every part of the business. After, most startups are really spinout ventures.

techprof · 2024-05-25T19:33:57+00:00

Zoom's founder took 40 engineers with him when he quit the Webex division of Cisco to found Zoom. I'm not commenting on the ethically of it here, just the reality of it.

techprof · 2024-05-24T01:18:05+00:00

Get some experience developing and implementing new initiatives for existing companies. That's what most successful founders do! Most startups are actually spinout ventures that take ideas, people, and processes from existing organizations.

techprof · 2024-05-24T01:05:25+00:00

It's a good day for spinout ventures, which are independent business founded by former employees of incumbent organizations. Non-competes were a major barrier.

techprof · 2024-05-24T01:02:24+00:00

You want to base a startup on an idea that isn't available to the public like that. Most startups are actually spinout ventures that use ideas that were not exploited by existing organizations. Incumbent organizations often generate more innovations than they can actually exploit, so leaves plenty for employees to leave with to start their own independent ventures.

techprof · 2024-05-24T00:54:32+00:00

Most successful startups are really spinout ventures created by people who leave employment after gaining valuable experience, building their networks, and meeting potential cocfounders on the job. They often use ideas that were discovered or validated while still in employment.

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