James Dyson: Founders must feel failure viscerally to grasp equity and IP value
Sir James Dyson · Dyson: James Dyson (2018) · Jul 22, 2019 · at 12:23
James Dyson reflects on losing majority control of his first venture after assigning patents to the business and diluting his equity stake.
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“Sometimes one needs to go through these rites of passage. To understand the importance of ownership of intellectual property, the importance of owning, having a majority share in your own company, or even all the shares in your own company, and not charging enough for the product, running a business that doesn't make money. All these lessons are very important lessons to learn and feel viscerally.”
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