I've been working for a few years in a small IT consulting company. Recently, I came up with an idea for a software product (unrelated to the company's core business), presented it to the board, and they decided to give it a try, under the following model.
They will create a new company just to develop that product, that will share almost everything with its parent: office, employees, hardware, etc. Initially, the new company will also have the same shareholders and a predefined initial investment.
What's interesting is that they proposed me to put some of my own money in that initial investment (although much less than the shareholders are putting) and I will have the option to buy a position in the company later on (for a predefined small value). This all looks fine to me, but I have some concerns about the project's autonomy.
I will be technically responsible for the project (just as if it was a normal project in the main company) but all major decisions (financial, hr, marketing) will be made exclusively by the board.
What's your opinion on this? Should I require my participation in all (non-technical) decisions? Also, do you have any advices or related experiences to share on this kind of model?