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Building A 100+ Year Legacy + Peter Thiel’s Fellowship + Bomb Hiring Questions
My First Million
Urgency Fuels Success
A significant contrast exists between the urgency and motivation found in startups compared to larger companies. Startups operate with a high level of commitment, treating projects as life or death, which drives innovation and speed. In contrast, larger organizations often lack the best teams and focus, resulting in slower progress and lesser outcomes. A potential solution to bridge this gap is to incentivize internal teams through significant financial rewards for achieving project goals, similar to prize competitions. This approach could motivate teams to work with the same urgency and ambition as startups, thereby enhancing product development and success rates.
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