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That's how you run a large corporation. Not a successful startup or moonshot project. It is perfectly valid to ignore a risk and then assume you'll figure some
by marcinzm 2y ago
That's how you run a large corporation. Not a successful startup or moonshot project.
It is perfectly valid to ignore a risk and then assume you'll figure something out if it comes to pass. Few things happen quickly so you'll have time to talk to other founders and investors and so on. Or maybe you'll fail and then start a new venture in six month. Trying to plan for mitigations ahead of time will mean you spend all your time on mitigating risk versus growing the business. A climber that does that is a corpse.
- dgacmu 2y agoSure. I'm not trying to say they're the same thing. But the vast majority of climbers have a _conscious_ approach to risk. Some risks are worth taking. Some aren't. The key is that you have to be aware of them and be proactive about them, even though some times, the decision is, "yeah, the weather forecast is uncertain, but this is our best window for trying to summit, let's go." Being conscious about your risks _is_ very compatible with running a startup or moonshot. Astro's "kill it early" philosophy is a good example of this. There's a lot of risk in running for a long time with an idea that doesn't actually have legs. The "process" you use to mitigate it is to try to kill it as fast as possible. That's not process in the sense of filling out a lot of forms, but it's a process nonetheless, and a healthy one in a startup environment.