those with much to risk often wager less.

that’s why large organizations so often fail to adapt to new trends. they stay the course with what got them where they are, until such time they become so bloated it takes too long to “turn around the battleship” and end up cutting the ship in half instead.

it’s not impossible for established organizations to innovate, but trying and failing affects the two-person team in a garage a lot differently than it affects a $13b company.