“If Corporate innovation was an asset class it would be the worst performing asset class in the world.”
I heard this the other day from a senior person in that world.
Chimes with something Ive been thinking for a while..
Who would you back to win ? A salaryman who wouldn’t get his bonus or entrepreneur who wouldn’t eat?
Was an interesting POV — basically the idea is that the incentives are wrong.
A case of Charlie Munger’s “show me the incentive and I’ll show you the outcome” and Taleb’s skin in the game being everything?
What’s your entrepreneur ecosystem strategy?