Agile Management in a Waterfall World

An entrepreneur comes to a venture capital firm with the design for a game-changing electric vehicle. The VC wants to know: if we give you capital, how many of these great new cars will you produce in 3 years? The entrepreneur does not yet have a factory or workers or suppliers. He does not yet have regulatory approvals or distribution networks. What he has is an innovative design and the belief that, given the chance to…