Lester Thurow

A venture capitalist is happy if two out of every 10 tries work. Everyone gets rewarded-even those who made the eight investments that failed. But big companies are unhappy if two of 10 tries fail. Those involved in the failures are demoted or sidelined when it comes to promotions. That means big companies focus on small, low-risk, incremental improvements and miss the big, but risky, opportunities.

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