The need for speed
Emailed on November 20th, 2020 in The Friday Forward
Patrick Collison -- the CEO of $36B fintech startup Stripe -- is obsessed with how fast ambitious projects can get done.
His personal blog recounts some of history’s great achievements done at warp speed. I highly recommend giving it a read here.
A few examples
Disneyland: From 1st shovel to 1st ticket, the construction of “The Happiest Place on Earth” took just 366 days to complete.
Boeing 747: completed its 747 program in 930 days (March 1966 to September 1968).
The Alaska Highway: From 1942 to ’43, a construction crew built 1.7k miles of military roadway in a ridiculous 234 days.
Why are we so slow these days?
Collison wonders why many of these “fast” ambitious projects took place many decades ago. He hypothesizes 2 reasons for the slowdown:
The process is more bureaucratic than before.
As a society develops, it “tends to become less dynamic and [more] beholden to interest groups.”
Global incentives help
We can, however, celebrate the speed of emerging COVID-19 vaccines. Moderna’s vaccine development took 300+ days from viral sequencing to announcing Phase 3 study results this past Monday.
While a final vaccine has many additional hurdles to overcome, it should be encouraging for us all to see that humans do, in fact, have the capacity to work together and get monumental things done very quickly.
Thanks to The Hustle, here’s how this development stacks up with other ambitious (albeit not apples-to-apples) examples:
