16.Partnerships and collaborations

Some of you are familiar with this.

And all the books and literature that talks about partnerships very rarely addresses startup to large company partnerships.

One way we say that is shared economics.

So, in a way, the different structure is that we're partners, it's a partnership.

Alvin, our software engineer and co founder, has built these tools.

And the second is very counterintuitive you can get the best people in the world.

So this sounds great. Partner sound wonderful but what could go wrong with this?

What are you going to do, and what are they going to do?

Postal services are a government monopoly.

Acumen came in with the patient capital, and we also helped to identify the entrepreneur that we would all partner with here in Africa, and Exxon provided the initial resin.

It's all about you and me.

I'm the guy that wants to help. This is our thing.

Well, the farmers think that they have 1,000 gold pieces.

Really? What kind?

You want your exponential growth guys are gonna get busted.

He failed in business.

Coffee time.

So, the very first question you've got to figure out is

This is a partnership, remember?

An internet exchange is a place where many different organizations can come together to interconnect their technology.

Let me start with the large company partnership risks.

You cannot run a business by standing still in a rut.

So, I just used this as an example not to bash Boeing, but to understand that even the smartest companies sometimes made partnership decisions that look good on a spreadsheet, but at the end of the day, partnerships are not driven by spreadsheets.

Thus The Pirate Bay isn't idealistic.

Yeah, friends. Mercy jump. Stay away from my kid.

It'll look the business when it is, though.

This venture is impossible.

What are we, running a charity?

We can either be on the wagon or we can buy foreign reactors in the future.

And our partners are Zuma Canyon Orchids of Malibu, California, who are Hispanic.

The new venture was financed by a group of entrepreneurs.

So what they do is, they create a corporation.

George failed in business.

This job eats money.

He went far in business.

He failed in business.

Well, in the past, entrepreneurial education was about execution.

before your liabilities are greater than your assets?

Ollie, I was gonna give you a mercy jump.

There are also financial reforms in rural China.

And a customer development team says,

My sister is engaged in social work.

Its business is advancing quite well.

His work is repetitive.