Making bets on new ambitious projects doesn’t seem necessarily at odds with frugality: you can still execute on them in a lean way, some things just really do take a big CapEx. Granted whether Google or any major tech company really does this is debatable, but I do think they tend to at least try to instill it, even if there is some inefficiency e.g. due to principal-agent problems.
Making bets on new ambitious projects doesn’t seem necessarily at odds with frugality: you can still execute on them in a lean way, some things just really do take a big CapEx. Granted whether Google or any major tech company really does this is debatable, but I do think they tend to at least try to instill it, even if there is some inefficiency e.g. due to principal-agent problems.