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Large, structured organizations become risk-averse because everyone inside them is optimizing for the next promotion.
Drawn from what Evan Spiegel said
A private bookmark. Not a position, and never counted.
What Evan Spiegel actually said
Word for word, with the source under each one. They did not write this page.
Co-founder and CEO of Snap Inc.
as soon as you have an organization that's very large and very structured like that, uh people become very focused on getting a promotion, right? Getting, you know, into the next step of the hierarchy. And that means that all of a sudden, uh they become a lot more risk-averse.
Where this was said
Watch from 0:18:58 plays here↗How to win when software is not a moat | Evan Spiegel (Snapchat CEO)youtube.com
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