Employee commitment in bootstrapped versus externally funded companies (Part 3)
Filed in archive Entrepreneurship on April 23, 2007
Link: Cristian Dorobantescu
CONTINUED FROM PREVIOUS POST
Then, externally funded companies could offer better payments to employees - which in theory attracts better specialists - in reality this also attracts opportunistic employees who don't have any interest in the company itself, but in getting the biggest payout. Leaving to a better paid company is a sure thing for them once an opportunity appears, and even worse the managers can not predict their leave because it's not based on "real things".
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Tags: bootstrap startup venture capital finance.
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James Lowery
(04/24/07 10:20am)
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I talk about big deals like American Idol's reverse merger and smaller ones like Peter Klamka, an investor, who completed a deal with a European solar company with a reverse merger.