The Most Important Thing for Getting Things Done Is Risk Responsibility

You spot a venture capital opportunity with strong long-term potential—how do you decide? Often, you can’t. The group isn’t private, so it can’t engage in venture capital. Even if it’s part of a strategic transformation, there’s still no way to do it—because there’s no accountable risk-bearing entity.

Seeing what others don’t see is called investing; seeing nothing at all is called taking someone else’s loss.