With the early days of FastWorks, our plan was simple: every ninety days, new projects would be judged by a growth board on whether they were meeting their goals, and whether they should be killed, pivoted to a new direction, or given another ninety days to move forward as they were. It was classic VC metered, or milestone-based, funding, in which you fund based on progress. It allows you to kill a project early if you determine it’s not succeeding. You are “de-risking” innovation by spending less money on more ideas earlier, and killing off the ones that aren’t working. It allows you to move
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