And the lack of this practice across an entire industry. Margins are getting smaller and smaller and the successful companies will use such practices to inform all sorts of decisions, from building in house vs 3rd party vendor, to hiring, to R&D, etc.
The days of YOLO moonshots are over for our industry. Of course venture capital will continue to exist but perhaps directed to new industries.
I definitely wouldn’t say the days of YOLO moonshots are completely over (just look at the current level of investment in AI startups). Those days will return when the investment climate is improved, as it was prior to this recession and will be afterwards.
And the lack of this practice across an entire industry. Margins are getting smaller and smaller and the successful companies will use such practices to inform all sorts of decisions, from building in house vs 3rd party vendor, to hiring, to R&D, etc.
The days of YOLO moonshots are over for our industry. Of course venture capital will continue to exist but perhaps directed to new industries.