Take it from Julian Brodsky, cofounder of telecommunications giant Comcast: “The greatest way to scale is to use other people’s money.”
“Not particularly through venture capital,” he added, as reported by the Inquirer, “…but principally by slicing and dicing a whole lot of entities… owning 51 percent [of each] and keeping control…When you got all the way to the subsidiary, our economic interest might have been 5 or 10 percent, but we still controlled it.”
That was one of the lessons Brodsky, who went to Overbrook High School and Penn, shared at Philly Startup Leaders‘ recent Founder Factory conference, which also featured advice on hiring. The former Comcast chief financial officer, Brodsky, 79, left Comcast’s board in May 2011.
Find more than a dozen takeaways from Brodsky’s talk over at the Inquirer.
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