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I just started reading 'Skin in the Game' by Nassim Taleb. These kind of overpriced consulting contracts, where nobody in particular bears the downside risk of
by jpxk 6y ago
I just started reading 'Skin in the Game' by Nassim Taleb. These kind of overpriced consulting contracts, where nobody in particular bears the downside risk of incompetence, fit into his framework well. Hiring Deloitte et al usually amounts to outsourcing responsibility, except the people who do the work also bear little or no long-term responsibility if things go bad. A 3-person startup, on the other hand, suffers from severe downside (at least in a business sense) if they mess something like this up.