Oh sure, I’ll readily agree that most startups don’t have a safety culture. The part I was disagreeing with was this:
I think it’s hard to have a safety-focused culture just by “wanting it” hard enough in the abstract
Regarding finance, I don’t think this is about 2008, because there are plenty of trading firms that were careful from the outset that were also founded well before the financial crisis. I do think there is a strong selection effect happening, where we don’t really observe the firms that weren’t careful (because they blew up eventually, even if they were lucky in the beginning).
How do careful startups happen? Basically I think it just takes safety-minded founders. That’s why the quote above didn’t seem quite right to me. Why are most startups not safety-minded? Because most founders are not safety-minded, which in turn is probably due in part to a combination of incentives and selection effects.
How do careful startups happen? Basically I think it just takes safety-minded founders.
Thanks! I think this is the crux here. I suspect what you say isn’t enough but it sounds like you have a lot more experience than I do, so happy to (tentatively) defer.
Oh sure, I’ll readily agree that most startups don’t have a safety culture. The part I was disagreeing with was this:
Regarding finance, I don’t think this is about 2008, because there are plenty of trading firms that were careful from the outset that were also founded well before the financial crisis. I do think there is a strong selection effect happening, where we don’t really observe the firms that weren’t careful (because they blew up eventually, even if they were lucky in the beginning).
How do careful startups happen? Basically I think it just takes safety-minded founders. That’s why the quote above didn’t seem quite right to me. Why are most startups not safety-minded? Because most founders are not safety-minded, which in turn is probably due in part to a combination of incentives and selection effects.
Thanks! I think this is the crux here. I suspect what you say isn’t enough but it sounds like you have a lot more experience than I do, so happy to (tentatively) defer.