The Lean AI Podcast presented by Eric Ries cover image

How to Lead in the Wild West of AI with Philip Chew

The Lean AI Podcast presented by Eric Ries

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Navigating Risks and Incentivizing Smart Decisions in Startups

This chapter emphasizes the value of smart failures in the startup realm, comparing it to the trial-and-error process of water drilling in the Old West. It advocates for incentivizing teams to make thoughtful decisions and managing risk through a structured portfolio approach to reduce the repercussions of individual setbacks.

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