We can all agree that creating a startup is hard but there is an easier way to become an entrepreneur with a much higher probability of success.
In this episode of the Payback Time Podcast, Sean’s guest Andre Laplume breaks down 5 reasons why a spinout is better than a startup. Andre Laplume is a Professor at the Ted Rogers School of Management and author of the bestselling book ‘Spinout Ventures‘.
Starting a new business is undeniably challenging, requiring immense effort, dedication, and often a bit of luck. However, spin-out ventures provide an alternative path to entrepreneurship with a higher probability of success. They involve transforming an idea already developed within an existing organization into a separate, standalone business. This approach offers several advantages over traditional startups, making it a compelling option for aspiring entrepreneur
Key Timecodes
- (00:35) – Show intro and background history
- (01:28) – Deeper into his career journey
- (04:39) – Understanding the spin-out venture definition
- (07:26) – Deeper into his business model
- (08:40) – Why spin-outs can be more successful than new startups
- (11:46) – Commercial break (TYKR mobile app)
- (12:28) – What an entrepreneur need to know to run that type of business
- (15:56) – How spin-out founders can work together with other companies
- (19:42) – Where spin-outs can find funding
- (22:42) – What are the benefits for the parent companies
- (26:11) – Guest hot tips
- (28:45) – One more key takeaway from the guest
- (34:15) – Guest contacts
I’m the Founder and CEO of Tykr, a platform that helps beginner and advanced investors manage their own investments with confidence.
Our platform helps people find strong stocks, avoid risky stocks, and learn how to invest along the way.
We offer a 14-day free trial (no credit card required).
And if you ever hear me mention Tykr, I always say, “Don’t listen to me, please go to Trustpilot to see what our customers have to say. We have a 4.9/5.0.”
