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To avoid stagnation, Advent empowers its deal-making units, which it calls "SEAL teams," to be entrepreneurial voyagers. These teams are encouraged to explore and uncover new, promising subsectors, with an organizational culture that accepts mistakes as a necessary part of finding the next source of alpha.

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Large companies should empower small, autonomous teams (5-10 people) to experiment rapidly like startups. This "jet ski" model prioritizes speed and validated learning over large budgets and long timelines, de-risking innovation before committing to scale.

Large companies like Rippling and TripActions maintain innovation velocity by creating "carved out" teams for new, "zero to one" initiatives. This organizational strategy provides singular focus, empowering a small group to execute with the intensity and speed of an early-stage startup without corporate distractions.

Large corporations can avoid stagnation by intentionally preserving the "scrappy" entrepreneurial spirit of their early days. This means empowering local teams and market leaders to operate with an owner's mindset, which fosters accountability and keeps the entire organization agile and innovative.

To prevent stagnation, large, stable institutions like Liberty Mutual must deliberately build a culture where employees are incentivized to be curious and take entrepreneurial risks. This requires a governance structure that supports, rather than punishes, such behavior, which is crucial for attracting novel opportunities.

To balance agility and scale, Jamie Dimon structures teams like Navy SEALs. Small, dedicated groups are fully authorized to complete a mission, preventing bureaucratic drag. However, they use common equipment and platforms, avoiding the chaos of total decentralization.

To achieve breakthrough innovation, leaders must form a small team and shelter it from the main organization's systems, constraints, and distractions. This isolation provides the mental space required to rethink problems from first principles, rather than being biased by existing structures.

Advent uses "pawn skipping" to turn local success into global advantage. They identify a successful investment thesis in one region and systematically test and apply it in others, like Latin America or Asia. This transforms singular market wins into a repeatable global strategy for value creation.

To combat enterprise stagnation, Toast launched "New Ventures," an internal incubator that isolates small, entrepreneurial teams. With dedicated comp plans, these teams focus on finding the next zero-to-one product, successfully launching initiatives like Toast Retail.

Instead of large, top-down innovation projects, Prosus empowers small, autonomous 'jet ski' teams of 5-10 people. These teams experiment rapidly with minimal resources, failing often until they find a viable model. Only then does the larger company invest to scale the proven concept, avoiding massive losses on unproven ideas.

Instead of a top-down product strategy, Anthropic operates like a research lab where those closest to AI's emergent behaviors—often engineers or even finance staff—are empowered to ideate and drive new products. Leadership's role is to facilitate this bottom-up discovery.