He is wrong in that quite a few (smaller) companies have gone defunct due to bad security, but he was right in that the hare that cuts every corner, rushes its

He is wrong in that quite a few (smaller) companies have gone defunct due to bad security, but he was right in that the hare that cuts every corner, rushes its product to market and (maybe!) gets breached will outperform the turtle that gets hamstrung by the governance, security and bureaucracy within its shell and doesn't produce anything.