Innovation starvation


... If senior executive talent is all golden-handcuffed, maybe we need to look to a younger cohort. Silicon Valley has become a magnet for young people who dream of being tech CEOs. The prevailing Valley ethos of “fail quickly” has been criticized, e.g., by Peter Thiel, for leading to a kind of attention deficit disorder among such entrepreneurs. If you’re involved in a startup and you know it has a high likelihood of failing within its first few months, then you'd be crazy if you didn’t also have a backup startup, and a backup to the backup. And if your definition of success—driven by venture capital expectations—is a 10x-or-better return on investment, then any project that involves toiling away on hardware and developing new technology is going to look pretty unappealing.