HP buying of Autonomy sparks a public spat and raises questions

What a cocktail in the story about the acquisition of Autonomy by HP? The key questions seem to be:
About valuation
Is HP over paying for Autonomy? Since there is no science with respect to valuation then surely the value is in the eye of the beholder and whether or not the Board recommends and the shareholders accept. At approx $11bn – this certainly places Autonomy as a huge success in terms of how two graduates and a business plan can turn a College Start-Up into a multi-billion dollar exit. An amusing side story is the comment made by a senior Chinese banker visiting Cambridge who commented that success in China is not measured so much by the value of one exit, but more by the number of companies one can afford to buy!! This is like saying that wealth is measured by the number of cattle one owns and perhaps the aggregate total of alimony being paid out too!!
Is it good for Cambridge that a local company is being sold to a US firm?
This is harder to answer. One remains optimistic that the total of 9.1% owned by Mike Lynch and his team will convert to local wealth that gets recycled into new ventures through increased business angel type activity. (Mike owns 8.1%). We might look forward to this after the teams have bought their toys and secured their families I guess. The research component will remain in Cambridge, because the sale of a software company means that, in essence, HP has paid for the talent and this, in the main, is unlikely to move to Silicon Valley.
Mike Lynch will now head up the software division of HP, reporting directly to Meg Whitman the new CEO of H.P. This means for the first time we have a Cambridge CEO of a strategic Division of a multinational. It is great credit to the Board and advisers of Autonomy, for being able to groom a world class CEO. So far Cambridge has imported all its “big hitters”. For me the really big news is that Mike Lynch and his start-up co-founder Richard Gaunt have proved that founding teams can go all the way. Too often we hear from venture capitalists that there comes a time when a founding team has to be replaced by “grown-ups”. Well, at last we have an exception to provide role model effects to future generations of entrepreneurs.
The very public spat between Mike Lynch and Larry Ellison of Oracle seems to have got out of hand, so is the deal really good for Autonomy?
The risk to Autonomy does not come from the public entertainment resulting from Larry Ellison’s statements and allegations, but actually from a deeper concern about whether any of the Silicon Valley giants can be good homes for Autonomy? There are several good reasons for HP ownership: - access to global markets, need for high margin business and the change in strategic direction towards software – especially in intelligent search. However, HP has had as many CEOs as the average Premiership Football Club, governance problems, sackings, failed acquisitions, etc.,etc., So one wonders if this Silicon Valley Giant actually has competent management? And Oracle’s leadership is not much more inspired. Perhaps HP has outsmarted Oracle in its purchase of Autonomy because it gains fresh software, insights and capabilities while Oracle might find itself with ageing software that is built on past needs and not on future growth prospects. So – Autonomy is likely to be good for HP and may well shake up Oracle.
The track record of the big Silicon Valley companies has been quite awesome in terms of their size and reach, especially when they are led by entrepreneurial founders and leaders. But there seems to come a time when the behaviour of the CEOs of these giant companies is more Silicon Alley (cats) than Silicon Valley.
I remain and have to remain optimistic about the future of Autonomy. I am more optimistic that the smart people there will eventually recycle through into new companies and we may get a new generation of serial entrepreneurs, something that has not happened for a very long time in Cambridge. The last wave being when Acorn sold to Olivetti which then sold its research to AT+T who eventually shut down the R+D in Cambridge! Many of the highly successful firms in Cambridge today were the alumni of that set of events.
Good karma!

Entrepreneur in different languages

In Spanish: Emprendedor
In Finnish: Yrittäjä - More or less meaning someone who tries
By Carlos del Corral Product design and development manager
posted 1 hour ago
In German it's "Unternehmer" which, like in French, literally means "someone who undertakes to do something". It's a pity that the translation into English of "Undertaker" has a very different meaning !!
By Keith Haisman Interim Manager, Turnaround Director and Executive Coach
posted 45 minutes ago
And like the word manager has this term been hijacked!?

By the way for those of you who have placed comments I can't seem to figure out how to allow people to view the comments - although I have moderated and published them. There must a button I am missing! So - here are the definitions captured so far!

Is there a word for entrepreneur in languages other than French

Over the past 6 months I have had an opportunity to travel to several countries and it seems to me that only French has a real word to capture the essence of what it is to be an innovator that brings an idea to market. English has largely borroed from the French - but has a word Enterpriser, there are similar words in Castallan (Spanish) but I would like to hear from others if their languages and cultures have a word directly translatable to "entrpreneur".

So the former President Bush got it completely wrong in one sense - the French to have a word for Entrepreneur - but do other languages and cultures?

What I found interesting in Jordan - during a recent visit is that in Arabic there is no such word - but there is one for failure - and it is not just descriptive - it is a really strong form of "insult"....

Maybe we don't need a word in other languages for "entrepreneur" - but it seems a shame...