"Bored, restless and quietly itching for a problem to solve, they have done what their younger colleagues might find unthinkable. They have gone back to work, and, more often than not, they are doing it for free. The Sapient Foundation, set up last year, is the brainchild of Brendan Logan, a 72-year-old serial entrepreneur with three decades in telecommunications and four start-ups to his name."
"The model is unusual. Sapient looks at a client's balance sheet, decides what the business can realistically afford, and charges accordingly. In several cases there is no upfront fee at all; instead, founders are asked to make a donation to one of the charities Sapient supports, but only once their company is generating revenue."
"Quinn, who has co-founded and exited eight businesses, was clearly wasted on bunker disputes. Logan rounded up two more retirees of equal vintage: Eden Phillips, 61, formerly a software engineering manager at BT, and Mary Whatman, 62, a transformation specialist whose CV includes Bell Canada and Nortel."
The Sapient Foundation, established by 72-year-old entrepreneur Brendan Logan, addresses a growing phenomenon of bored retirees seeking purposeful work. Founded after Logan's conversation with friend Larry Quinn, who felt purposeless in retirement, the organization recruits experienced executives to provide free advisory services to startups. The founding team includes telecommunications entrepreneur Logan, serial business founder Quinn, software engineering manager Eden Phillips, and transformation specialist Mary Whatman. Operating across the UK and internationally, Sapient employs a flexible pricing model: companies pay what they can afford, or make charitable donations once generating revenue. This arrangement benefits startups like DocComs, which gains expert guidance while maintaining financial flexibility during critical growth phases.
Read at Business Matters
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