Insight certainty 4/5 debate potential 3/5

Desai: Allocating budgets is the fastest way to waste company money

Jay Desai · 20VC: VC / Founder Fit with 3 Things Founders & VCs Must Agree Pre-Investment & Why Having No Company Budgets Creates Internal Entrepreneurs with Jay Desai, Founder & CEO @ PatientPing · Nov 11, 2016 · at 18:29

Jay Desai, founder and CEO of PatientPing, shares his management mental model on why setting formal budgets leads to automatic financial waste.

0:00 / 0:06exact quote · 6.1s
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“I've found that there is no faster way for money to disappear Then allocate a budget against something.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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