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This article is all over the place. Large organizations, corporate or government or other, eventually ossify and fail to adapt. Some find ways to reinvent thems
by nateglims 3y ago
This article is all over the place. Large organizations, corporate or government or other, eventually ossify and fail to adapt. Some find ways to reinvent themselves. But the framework is bizarre. Under the model that tech investment is taking a bet, these values are in contention. You simply don't hear about startups that did not pan out and ate all the capital invested. And these truths are not centuries old, we reinvent our view of capitalism every few decades. The defense industry in most western countries is a good example of this where it's still very Keynesian.
- landemva 3y ago> You simply don't hear about startups that did not pan out and ate all the capital invested. I recall reading about a big flush just a couple weeks ago. "Convoy, valuing it at $3.8 billion just 18 months ago." https://www.cnbc.com/2023/10/19/bezos-backed-freight-firm-convoy-shuts-down-read-ceo-memo-here.html https://www.cnbc.com/2023/10/19/bezos-backed-freight-firm-co...