Noyce, Moore and Grove — A Template for Spin-out/Start-up Success?

The Harder I Practice, the Luckier I Get

So, is there a formula for a successful start-up/spin-out — and if you followed it, you would be guaranteed success? For this, many people approach me and say, “I want to have a spin-out. What should I do?”. To me, this is a little like saying, “I want to fly, can you give me wings?”. So, let me lay out a few things that I have learned over the past two decades of being involved in spin-out companies.

Overall, we have been very lucky in our spin-outs, with three highly successful ones, and where two have been bought out (Zonefox and Symphonic), and the third expanding fast within digital forensics (Cyacomb). But, as they say, “The Harder I Practice, the Luckier I Get”. We have had failures, but every time our team has licked their wounds and come back stronger. And the one thing, though, I’ve observed is that the leadership of an innovative company often needs to change as it evolves, and those leading it need to know when they need to move aside and let others take their place.