How Did Julian Weisser Say Less Money Helps Creative Firms?

Julian Weisser tells Stewart Alsop on Crazy Wisdom that heavy funding can make creative companies worse, not safer. Firms that raise hundreds of millions of dollars fail at higher rates. The money feels like room to make mistakes.

He splits the pressure into people constraints and capital constraints, and says the two are tied, because you cannot hire without money. He recalls advice, possibly from Paul Graham, that a fast-growing team should always feel slightly short of people. Short of starvation, that shortage is a forcing function. If you cannot finish everything, you have to name the work that matters.