As we enter into the placement season, one of my friends asked me this question – what is the difference between entrepreneurship and intrapreneurship? Here is an analogy:
Entre = I climb up the tree with risk of falling down and get my own ‘tender’ coconut and drink it up
Intre = Coconut in self-service mode with fickle just under the tree. Pick up the right coconut, open up without hurting yourself and drink up!
How different is it really? Forget the end (upside / downside limits in intre), the means are just the same in Intrapreneurial activities and entrepreneurship.
Intrapreneurship is entrepreneurship with lowered risk – don’t the VCs have lower risk propensity than the angels? Don’t PEs have lower risk propensity than VCs – does it mean VCs and PEs don’t take risk or don’t need entrepreneurial spirit? Guess u got where I am getting to. What links all of them together are three things: thrill in identifying or generating opportunities, managing risk and creating value.