[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:03.01,0:00:07.100,Default,,0000,0000,0000,,On the first part of your question on some lessons from a failure,
Dialogue: 0,0:00:08.00,0:00:13.08,Default,,0000,0000,0000,,it's almost always a team or running out of money.
Dialogue: 0,0:00:13.08,0:00:15.23,Default,,0000,0000,0000,,Team issues, when the team doesn't get along or doesn't have all
Dialogue: 0,0:00:15.33,0:00:20.19,Default,,0000,0000,0000,,the skills or team spending too fast and doesn't conserve cash.
Dialogue: 0,0:00:20.47,0:00:23.28,Default,,0000,0000,0000,,The first one is probably the harder one because finding
Dialogue: 0,0:00:23.28,0:00:25.61,Default,,0000,0000,0000,,great people that have all the skills is always hard.
Dialogue: 0,0:00:25.82,0:00:27.25,Default,,0000,0000,0000,,The second one should be easy.
Dialogue: 0,0:00:27.25,0:00:31.09,Default,,0000,0000,0000,,But sometimes people are often so worried,
Dialogue: 0,0:00:31.09,0:00:33.80,Default,,0000,0000,0000,,and this was one of the excesses of the dotcom crash, about,
Dialogue: 0,0:00:33.80,0:00:35.47,Default,,0000,0000,0000,,"If I don't spend the money now,
Dialogue: 0,0:00:35.66,0:00:38.62,Default,,0000,0000,0000,,I'm going to lose the market share. It's about to
Dialogue: 0,0:00:38.62,0:00:40.32,Default,,0000,0000,0000,,go away. It's going to get way more expensive."
Dialogue: 0,0:00:40.47,0:00:42.28,Default,,0000,0000,0000,,That's always the excuse for spending faster.
Dialogue: 0,0:00:42.28,0:00:45.58,Default,,0000,0000,0000,,I haven't seen too many cases where that works.
Dialogue: 0,0:00:45.58,0:00:49.16,Default,,0000,0000,0000,,It does work sometimes. I mean, there are cases where there truly is
Dialogue: 0,0:00:49.16,0:00:51.67,Default,,0000,0000,0000,,a raise to a winner-take-all-like market.
Dialogue: 0,0:00:51.95,0:00:55.67,Default,,0000,0000,0000,,But usually, the better executor with the greater persistence wins.
Dialogue: 0,0:00:55.86,0:00:56.86,Default,,0000,0000,0000,,So, I would say those would be the
Dialogue: 0,0:00:56.86,0:00:58.21,Default,,0000,0000,0000,,two biggest lessons from a failure.