Rotman: At big companies, saying no yields 80-90% bonus
Frank Rotman · 20VC: Has Price Discipline Disappeared? Is it Possible to Build Ownership Over Time? Why Venture Is Less Collaborative Now Than Ever? How fast Do Breakout Companies Become Obvious? How To Construct an Optimised and Repeatable Investment Decision-Making Pr · Aug 26, 2021 · at 8:42
Frank Rotman, co-founder of QED Investors and former Capital One executive, contrasts corporate bureaucracy incentives with startup execution environments.
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“You can actually earn 80 to 90% of your bonus saying no to everything. That's new, right? If you literally say no to everything, you have the power to optimize what's in your control so that you could hit 80 or 90% of your bonus saying no to everything new.”
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