Crazy Bet

Objective

Crazy Bet

This objective is like having a startup idea. Likely, it won’t work out, but we believe it’s worth trying.

Purpose

Diving into a Crazy Bet is a leap of faith, driven more by passion and belief than by logic or previous evidence. It mirrors the unpredictability and high stakes of pioneering a startup. The odds are stacked against us, but the belief that if it succeeds, the payoff could be transformative, fuels our pursuit.

Notes

“Crazy” is anything with a chance of succeeding between 0% to 10%.

Rules / Constraints

  • We have not (yet) defined rules or constraints.

Safe Bet
Small-Risk Bet
Medium-Risk Bet
Large-Risk Bet
Crazy Bet
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One exception to the idea of keeping focus is when you're working with a portfolio of options. Investors don't want focus; they want diversification to balance their portfolio.

Each Objective Is a Bet with Yourself
Each Objective Is a Bet with Yourself

Objectives are bets on future scenarios. The bet you make with yourself will likely influence your approach to achieving the objective.

“Management by objective works—if you know the objectives. Ninety percent of the time, you don't.”

(Source: Peter Drucker)

“Eliminate numerical quotas, including Management by Objectives.”

(Source: W. Edwards Deming)