Startup leaders need to learn how to build companies ready for crisis
techcrunch.com
techcrunch.com
If all the innovation of an startup is to externalize its costs, and do what the real industry does (Hotels, cabs, ...) but breaking all the laws then it is time to stop startups.
I know that this message is probably not welcome here, but someone needs to say that many people is getting tired about the entitlement of all this founders that want to "revolutionize" the world by pocketing the money meanwhile they make the life of citizens in the neighbors that they operate worse off.
Startups are a systemic risk because many of them are created just to leech society with disregard of their impact. Startups are no ready for crisis because they just do not care about consequences. Everybody wants to be the next billionaire, no matter the cost.
You greatly leverage your capital and labor resources in an attempt to come skidding afire to a safe landing at profitability. Planning for crises would require taking resources away from growth, and reducing the opportunity to succeed.
One Mission: How Leaders Build a Team of Teams:
https://www.amazon.ca/One-Mission-Leaders-Build-Teams/dp/073...
Maybe engineering leaders who advocate good engineering practices will gain more clout, as failures now have a higher cost to executives' careers than before.
Hurricanes, economic breakdown, bad power grids, earthquakes, political instability... It's our daily predicament.
Down here in PR we've been busy building companies without power or water, enduring disasters AND still having spare time to have fun ousting our governor in a month.
Latino entrepreneurs are resilient by default.