IDEA Collider: Innovation & Asymmetric Learning in Pharma cover image

Exploring the book “Quit: The Power of Knowing When to Walk Away” by Annie Duke

IDEA Collider: Innovation & Asymmetric Learning in Pharma

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The Importance of Quitting

Stuart Butterfield returned six million dollars to an investment his investors he didn't keep his employees working at something where they were getting equity mostly and he had determined the equity wasn't worth their time. Within two days he said you know we've been using this internal communication tool at Tiny's back which everybody really loves and it was like this way for teams to talk to each other that sort of combine the best things of like email and instant messaging. He says okay I should name it something and he names it searchable log of all company knowledge and the acronym for that is Slack. The founders stuck around and they sold to Salesforce for $20 billion so here's  the thing Slack

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