One mistake that many young entrepreneurs make is to succumb to the allure of exclusivity. They sign a worldwide licensing deal that's ten years long. But in the process, they inadvertently become a subsidiary of the larger company without ever being paid for it. -John Hession

 

One mistake that many young entrepreneurs make is to succumb to the allure of exclusivity. They sign a worldwide licensing deal that's ten years long. But in the process, they inadvertently become a subsidiary of the larger company without ever being paid for it.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 2 total John Hession quotes in our collection. John Hession is known for saying 'One mistake that many young entrepreneurs make is to succumb to the allure of exclusivity. They sign a worldwide licensing deal that's ten years long. But in the process, they inadvertently become a subsidiary of the larger company without ever being paid for it.' as well as some of the following quotes.

One mistake that many young entrepreneurs make is to succumb to the allure of exclusivity. They sign a worldwide licensing deal that's ten years long. But in the process, they inadvertently become a subsidiary of the larger company without ever being paid for it.

John Hession

If a company like IBM signed an exclusive deal but blew its sales thresholds, would Sun really pay the same price for the technology, knowing that its competitor has a year's head start? You don't want to trade too much for that large company support.

John Hession