The name of this December 2019 post on HBR by Greg Satelle tells it all: Why “Move Fast and Break Things” Doesn’t Work Anymore
“Over the coming decades, however, agility will take on a new meaning: the ability to explore multiple domains at once and combine them into something that produces value. We’ll need computer scientists working with cancer scientists, for example, to identify specific genetic markers that could lead to a cure. To do this, we’ll need to learn how to go slower to have a greater impact.”
Greg Satell
Does anyone in Silicon Valley listens to it ?
I doubt it.
Silicon Valley is on a SPAC ramp to scale and burn, fueled by the gasoline of SPAC fever.
We warned about the SPAC burning furnace for months.
“But the sheer volume of SPAC money chasing private companies to acquire means there’s a real risk that some SPAC mergers end up going bust. A number of companies that are considering SPACs as their route to the public market may be doing so because they have not been able to raise private capital from investors – meaning companies aren’t growing fast enough alone and aren’t able to achieve desired private capital support.
But, as a result of the SPAC boom (with over 330 SPACs currently seeking a target), some of these private companies will leapfrog into unicorn status. This could amplify SPAC popularity even further for the companies that don’t want to stay private for several more years but rather want liquidity and access to public currency now. ” –Forge Global
Tech is the cat with seven lives and seven lies.