3 korrents from this piece
Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Their wordsThe succession problem has two components: power succession (handing off the reins of the institution, keeping it piloted) and skill succession (transferring the skill needed to pilot the institution well, keeping it a live player).
Their wordsSilicon Valley enthuses over “disruption” because we have become so used to the succession problem remaining unsolved within discrete institutions such as companies.
Our reading
When a functioning organisation dies, capital that cannot be sold or transferred dies with it.
Their wordsFunctioning firms are repositories of many kinds of capital that cannot be liquidated, and when they die, it is destroyed.