It's not easy though. My number one issue is inefficiency. My number two is politics. But I wish I could make it work as within a company like IBM I have the potential to do things that I couldn't have dreamt to do in my own company.
Why Entrepreneurs Hate Working at Big Companies
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Re: Why Entrepreneurs Hate Working at Big Companies
#22As someone in a 'big company', I'm often frustrated (although not surprise) that entrepreneurs seem to see this is a binary problem. This piece did touch on the real issue startup founders have with big companies - but only touched on it. The issue is not compensation, the issue is an inability to understand how to traverse the system in order to execute and achieve what you want (and that can include 10x returns). T…
Is it really an "inability to understand", or just an "unwillingness to tolerate"?
My experience is that corporations contain systems which startup founders would absolutely love to utilise given the chance.
I have built technology within organisations that within months is in use by multiple clients who have $1B+ market caps. I've seen projects funded with higher risk profiles than most VC's would tolerate because those funding it truly believed it was a good idea.
The idea that corporate systems are something that should be tolerated vs. something that can be navigated and leveraged for a positive outcome is, as I said above, terribly shortsighted.
Re: Why Entrepreneurs Hate Working at Big Companies
#23I disagree. Many entrepreneurs would love to work for a big company IF they were at the controls and not the cogs. Steve Jobs. He had full control over Apple and could tell it to build whatever he wanted. He worked for a big company. From what I've read, he was happy working there. Larry Page and Sergey Brin, they seem happy working for a big company. Larry Ellison loves working for Oracle. I have yet to hear any dis…
Re: Why Entrepreneurs Hate Working at Big Companies
#24The word "entrepreneur" is getting used as a blanket term way too much to the point that anyone with an idea, CRUD app or working at a startup is an "entrepreneur."
Re: Why Entrepreneurs Hate Working at Big Companies
#25Re: Why Entrepreneurs Hate Working at Big Companies
#26The word "entrepreneur" is getting used as a blanket term way too much to the point that anyone with an idea, CRUD app or working at a startup is an "entrepreneur."
Re: Why Entrepreneurs Hate Working at Big Companies
#27>The answer is compensation. Not that big companies don’t compensate them enough, but that the compensation structure is not aligned with an entrepreneur’s world view. As far as I can tell the dominating decision factor for everyone I know who runs their own company seems to be "freedom from management". That's why people work for years at an expected value of a below-market wage. That's why people leave a year into…
Re: Why Entrepreneurs Hate Working at Big Companies
#28Re: Why Entrepreneurs Hate Working at Big Companies
#29Consider that many entrepreneurs grow out of even their own company - their own baby - when it moves from startup phases to an x year old mature company.
Re: Why Entrepreneurs Hate Working at Big Companies
#30First, it's worth pointing out that arbitrageurs seek to exploit opportunities that are, in theory, risk free. So to suggest that entrepreneurs are looking to "arbitrage the system" while at the same time shooting for the stars when the odds are "slim" is a curious and entirely inconsistent argument.
That notwithstanding, if you look beyond a small group of 20-something entrepreneurs in the Bay Area, you'll find plenty of people who have started businesses who worked at mid-sized and large companies for years. For some, the knowledge and experience gained allowed them to spot the opportunity they're pursuing. For many, the relationships established and good money earned during those years of service put them in a position to pursue the opportunity with far less risk than they would have taken on if they tried to start a company before they had domain expertise, a professional network and financial resources of their own.
It's sad to see folks reduce entrepreneurship to short-sighted risk-taking by individuals who somehow can't or won't function in an organization that isn't their own. Smart entrepreneurs take calculated risks, start businesses in industries they know and don't begin their journeys with a few thousand dollars in the bank.