Teller says X has a 2% hit rate, which means that most of the things the company tries don’t work out, and that’s okay.
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CEO of Alphabet’s X, Astro Teller, on what makes a moonshot
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This is an interesting perspective on moonshots and the challenges involved in innovation. It’s impressive to see how much effort goes into pursuing ambitious ideas, even with a low hit rate. It highlights the importance of persistence in the tech industry.