.@ScottNolan’s biggest lesson from joining SpaceX when it was just 30 people was the importance of trading cost for time:

“On day 1 I read the employee handbook. At the top of page one was just a single line in bold.”

“It said: This is not a science experiment.”

“We were not trying to do any crazy new technology, it was about getting rockets to be much cheaper.”

@JTLonsdale: “One of the famous @elonmusk quotes I’ve heard recently is, ‘The cost of time is greater than the cost of cost.’”

“Back then though, the cost of cost was pretty high right because you didn’t have much money?”

Scott: “It was always a cost trade with time.”

Via @AmOptimistShow