Believe it or not, it's usually wise to walk investors through the risks involved in your startup. Investors know there's risk. If there wasn't, your… - Paul Graham

beautiful things don’t always make the best subjects for papers. Number one, research must be original — and as anyone who has written a PhD dissertation knows, the way to be sure you’re exploring virgin territory is to stake out a piece of ground that no one wants. Number two, research must be substantial — and awkward systems yield meatier papers, because you can write about the obstacles you have to overcome in order to get things done. Nothing yields meaty problems like starting with the wrong assumptions.

There are few sources of energy so powerful as a procrastinating grad student.

This is the kind of possibility that the pointy-haired boss doesn’t even want to think about. And so most of them don’t. Because, you know, when it comes down to it, the pointy-haired boss doesn’t mind if his company gets their ass kicked, so long as no one can prove it’s his fault. The safest plan for him personally is to stick close to the center of the herd.
Within large organizations, the phrase used to describe this approach is “industry best practice.” Its purpose is to shield the pointy-haired boss from responsibility: if he chooses something that is “industry best practice,” and the company loses, he can’t be blamed. He didn’t choose, the industry did.