2 ms·
> Truly new things rarely need an abundance of money. Based on my experience this holds true for organisations. Time and again I've seen a well run startup los
by vishnugupta 6y ago
> Truly new things rarely need an abundance of money.
Based on my experience this holds true for organisations. Time and again I've seen a well run startup lose its bearing with the avalanche of new funding and the expectation of hockey-stick growth that comes along with it. Money in this case proves to be counter-productive as everyone starts saying "let's-throw-money" to solve problems. Not only does it not solve the problem but it also starts attracting people who are disproportionately motivated by money. And once an org gets infiltrated by such people it's a sharp downhill from there.
> Instead almost all breakthroughs are made by those who lack money,.... Being poor is an advantage in innovation.
This is anecdotally true (again w.r.t. organisations). At a startup I worked for, we would come up with creative ways to scale up systems and honestly prioritise customers request. With the advent of funding that was replaced by "launch every darn feature now", "don't bother scaling up just buy more machine". Constraints bring out lasting innovations.