Streams straight from the publisher. podnod never proxies or re-hosts episode audio.
In the podcast, REWORK host Kimberly Rhodes talks with 37signals co-founders, Jason Fried and David Heinemeier Hansson, about their journey spinning off products. They stress the value of keeping contracts simple and how once the handover is done, it's best to take a hands-off approach and let the new team run things. They share their experiences with boards and underline the need for trust and flexibility.
Key Takeaways:
00:43 - The steps they took to transition "Know Your Company" into its own independent entity.
04:49 - Contracts don't offer as much protection as people believe.
10:58 - The differences in spinning off a startup vs. a long-established company.
14:53 - Letting capable partners take the reins and run the show independently.
18:51 - The challenge in finding the right partner for a spin-off business.
20:12 - In any transaction, things may not turn out as expected, but it may be worth taking calculated risks.
23:19 - Contracts don't necessarily prevent disputes and can sometimes escalate them unnecessarily.
Links and Resources:
Canopy, formerly known as Know Your Company
‘Know Your Company’ Deal Structure
Canopy
canopy.is‘Know Your Company’ Deal Structure
linkedin.comBooks by 37signals
37signals.comSign up for a 30-day free trial at Basecamp.com
basecamp.comHEY World | HEY
hey.comThe REWORK podcast
rework.fmThe Rework Podcast on YouTube
youtube.comThe 37signals Dev Blog
dev.37signals.com37signals on YouTube
youtube.com@37signals on X
twitter.com