There's an underappreciated semi-partisan divide over whether it's broadly more useful to move money/resources toward small things that are working or big things that are failing
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Taken at face value, "grow what's working" and "fix what's broken" are both perfectly sensible. What it comes down to, I think, is whether or not you believe that increasing resources tends to ameliorate systemic problems rather than just obscuring them
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To put a finer point on it: if you can effectively deploy cash or labor to fix broken institutions that have already scaled, it clearly makes sense to do that — scaling is hard. If you can't, well... a trashfire can presumably burn infinite cash
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Sometimes it can be hard to discern a difference in values from a difference in strategic intuitions, and I think this is a common instance of the latter that's easily missed
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I always think of money as just an accelerator. The steering comes from feedback loops, which tend to be very dampened or non-existant in larger systems.
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I’ve had this struggle at Twitch many times. It turns out sometimes your big important projects really are just under-resourced and when you give the failing project more money and people it succeeds. But probably more often, it just gets worse. Not simple tho!
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Bankruptcy and reorganization have their place.
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Now that you mention it, I believe this observation may explain a persistent disagreement I have with many of my friends that shows up in a number of ways. I suspect our convos will be more productive. Thanks!
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I think your diagnosis is generally spot on and very prescriptive. Obvious caveat being it’s nothings binary, fix what you can fix and grow what you can grow
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1) Unless option A and B purport to solve the same problem it's a bad criteria for investment. 2) Something broken can't be fixed with investment alone, we need to know how to fix it. 3) What's working may have scaling limits. Additional growth may break it.
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