S5E27 – 5 reasons why a spinout is better than a startup With Andre Laplume
- S5E27 - 5 reasons why a spinout is better than a startup With Andre Laplume Sean Tepper 35:21
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
