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Puttnam's Law and the threat to the American imagination - Or why Venture Capitalists don't like risk


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Thus Puttnam's Law: It is more acceptable to fail in conventional ways than in unconventional ways. And its corollary: The reward for succeeding in unconventional ways is less than the risk of failing in unconventional ways. In short, you can screw up with impunity so long as you screw up like everybody else.

"For all our vaunted individualism, majority not only rules in America; it rules with an iron hand."

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