Is Big Tech's R&D Spending Actually Hurting Innovation in the U.S.?
Inventors are less productive when they join big companies.
Noam Bardin's first realization that running a large company was very different from starting a small company came shortly after he sold Waze to Google.
Bardin says that in the first few weeks following the acquisition he had to deal with a bewildering bureaucracy. 'What seems natural at a corporation--multiple approvers and meetings for each decision--is completely alien in the startup environment: make quick decisions, change them quickly if you are wrong.'