Transcript Business 1 Template
The Renegades
DART of Barbara Arneson Case Ben Kenigsberg Jon Zemel Weijie Kong Dian Guan Changjie Liu Zihuan Wee
BioGene V.S. InterWeb
We suggest Barbara to: Take the offer from InterWeb Work for a couple of months/years before she decides on the direction of her future career development.
InterWeb Offers Better Compensation
Larger percentage of ownership 0.05% V.S. 0.03% Better financial returns on stock option Assuming 1.BioGene continues growing at the current rate 2. InterWeb performs as projected in its business plan By the end of 4 years, financial returns for Barbara BioGene $66,900 ~ 284,100 InterWeb $600,000 ~ 1,200,000
Non-financial Factors to Consider
Personal Growth product development management starting her own venture Type of Projects People & Team High Inertia to switch from a big firm to a startup
Non-financial Factors to Consider
Opportunities BioGene
Product Development Working with highly regarded development team Management Training Learning by observing Startup Experience People & Team Inertia to Switch Job Very few Experienced leader and mentor Relatively high
InterWeb
Intensive working for launch in 1 year Opportunity of hands-on management experience Plenty Young and visionary leader Experienced team Relatively low
Reality Test
Risks
InterWeb fails to be successful or does not do so well as projected in the business plan Barbara finds herself not enjoy working in a startup environment which is too demanding Barbara focuses only on product development as the whole company is working hard to launch their first product; therefore does not get enough exposure to business management
Mitigations Contingency Plans
Be open-minded about the fact that it will take her longer to realize her dreams (MBA, traveling etc) Resigning from InterWeb and looking for other jobs Think about the cause of unhappiness. Be willing to work harder and contribute more Looking for other more well-established companies In later stage of the company, find chances to work on the business and management side Build up good relationship with her fellow engineers and demonstrate leadership and management capability Joining a bigger company and learning management by observing Applying for a management position in another later stage startup