Notes on Why There is no such thing as a corporate entrepreneur? Article by Kirsner (2018)

Difference between an entrepreneur and designing new things in a large company

- Steady pay check, options vesting, status, wealth, and cushiness of a corporate campus

Bureaucracy and politics — processes and endless meetings instead of moving fast in entrepreneurship

Upside — Employees below CEO level do not have financial incentives like entrepreneurs with start-ups that are growing. Corporate firms rarely try to offer start-up style incentives.

Fear of Failure — Entrepreneurs worry about cash crunches, well-funded rivals, technical problems with products that are fatal to their business. Corporate employees believe the sun will keep rising.

Persistence — Entrepreneurs are persistent — anything to keep their idea going — credit cards, home equity loans and consulting projects.

Private vs Public — Entrepreneurs are in it for the long term. Quarterly metrics in corporations with quick change sought. Inherent clash of values, corporations will reject start-up culture making it a resented subculture within the firm. No freedom, flexibility, privileges, rewards, and stature that entrepreneurs usually expect.

Corporations can explore new business models, design remarkable products and experiences or pursue new markets to fuel growth but context is different.

Similarities — Vision to build quick prototypes in a changing world, and test quickly with customers.