Safi Bahcall on Why You Need to Take Crazy Risks

The idea of tension between Innovators and franchisees
Why do ideas get stuck in the lab?
No bridge between the core and the new
Different languages
Core - don’t want clanking noise from nuclear engine
New - don’t want to be surprised by new torpedo
How do we balance the two?
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

James Bond movies were passed over for years
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

Anesthesia discovered because someone in the lab put chemical on his tongue and thought “oh that’s weird.”
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

Modeling human interactions like phase transitions in materials.
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

Stake vs Rank - same people, different incentives. In small organization stake is huge rank perks are not there. Look at what hallway conversations are about - projects or politics.
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

Vanneavar Bush was the master of managing the transfer not the technology. National Science Foundation (NSF) basically addressing market failures.
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

If you enable people to measure the real world, more people can figure out truth. However you need multiple systems of support for doing that because many people won’t like it.
Safi Bahcall on Why You Need to Take Crazy Risks — Masters in Business — Overcast

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