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"If you truly believe in the potential of your company to change the world for the better, there’s no excuse for settling for an acquisition."
I was reading through this month's Inc. magazine earlier when this quote caught my eye. My first thought was to challenge the notion. There are specific occasions when an acquisition is exactly what a company needs to move forward or to move on. This is just how things work, but the bold words sparked my interest enough to turn the page. I flipped to Issie Lapowsky’s feature with Vimeo founder Jake Lodwick. Lodwick was fired a year and a half after selling Connected Ventures, the parent company of Vimeo and College Humor, to InterActive Corp, an Internet company that owns the likes of match.com, Urbanspoon, and dictionary.com. After the acquisition, he felt stripped of his creativity. Where innovation once dwelled, process was introduced. Lodwick was fired a week and a half before he planned to quit. This experience backs his words of advice to entrepreneurs who think an acquisition means nothing will change within the mission of an organization. Lodwick bitterly states that "in fact the mission was lost, and everything will change."
Entrepreneurs know they need to innovate. The fact is, one academic shows, startup business owners are more apt to kill innovation than embrace it.
California doesn't have a great reputation for business, but facts are facts, and those facts state that the Golden State is far and away the best place to launch a new business. Says who? Thousands of new startup employees.
Successful global entrepreneurs actually thrive during difficult times and find opportunities, according to a new Ernst & Young study. Read more about their secrets to success.
Last spring, Athena Alliance, along with support from the Kauffman Foundation OECD, The Conference Board, and US National Academies, put together an inspiring conference on the role of intangible assets— information, workforce skills and know-how, effective management and marketing, business models, relations with suppliers and customers, software and databases, and intellectual property— in job creation and economic growth.
Business owners could learn a lot about disaster readiness from Waffle House. Yes, Waffle House.
Kansas City will soon receive internet connectivity that will be one hundred times faster than anywhere else in the world. What should they do with it?
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