Slide 29
Slide 29 text
A State Startup…
1. Starts with a friction.
2. Learns, makes, repeats.
3. Is built together.
4. Takes advantage of uncertainty.
Nothing magical, only a different approach to risk management. The administration is usually focused on reducing uncertainty. We accept uncertainty and use it to, somehow
paradoxically, reduce risk.
There’s an increased risk of execution, but you will know it much earlier, and thus decrease the risk of delivering something no one really cares about, or delivering something
that made sense two years ago but is already obsolete.
So, we accept the risk of failure. At small scales, iterations may fail. But startups themselves may “fail”.
However, we mitigate failure through openness. And here is the second half of the strategy.