What can be detrimental to a company's success?
— Having too many managers and not enough doers can be detrimental to a company's success and can ultimately lead to its demise.
How much does corporate bureaucracy cost in productivity?
— Corporate bureaucracy costs trillions of dollars in productivity.
Why do startups often fail?
— Startups often fail because engineers and managers are incentivized to create their own versions of existing solutions instead of using what is already available.
What do startups need to do in order to succeed?
— Startups need to accurately predict future trends and create products that improve the lives of specific customers in order to succeed.
What do startups require to succeed?
— Startups require a change in culture and surroundings, avoiding common pitfalls such as focusing on activity over results, not embracing outside ideas, and taking credit for others' work, in order to succeed.
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