What does it mean for a startup like Airtable to 'refound' itself?

Refounding means a company is undertaking a major strategic reset, often to integrate new AI capabilities or business models with the ambition of its initial launch.

Why are companies like Handshake choosing 'refounding' instead of a pivot?

Companies choose 'refounding' to signal a proactive, high-stakes transformation rather than a reactive course correction after identifying an issue.

What impact does 'refounding' have on company operations?

Refounding can lead to significant operational changes, such as requiring employees to return to the office to foster a more intense, goal-oriented culture.

Home / Business and Economy / Startups Hit Reset: Companies Announce 'Refounding'

Startups Hit Reset: Companies Announce 'Refounding'

7 Dec

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Summary

Companies like Airtable and Handshake are 'refounding' themselves.
Refounding is tied to new business models or AI product launches.
This move emphasizes high stakes akin to initial company founding.

Startups Hit Reset: Companies Announce 'Refounding'

Companies are exploring a strategic maneuver termed 'refounding' to navigate evolving market demands. This concept, exemplified by businesses like Airtable and Handshake, signifies more than a simple pivot; it represents a fundamental re-establishment, often coinciding with the launch of innovative AI products or the adoption of entirely new business models.

The decision to 're-found' is characterized by leaders as a response to opportunities for significant transformation. For instance, Airtable's CEO described the process as treating AI integration as a founding moment, emphasizing the high stakes involved. This framing underscores a deliberate choice to imbue the company with the same intensity and vision as its initial launch.

This strategic reframing also impacts operational dynamics. Handshake, for example, has mandated a full five-day return to the office for employees, aiming to foster a startup-like culture focused on ambitious goals and accelerated progress. The adoption of 'refounding' signals a commitment to tackling challenges with the vigor of a new venture.