Geoff Wilson lost $1 million on his project because he could not bring a product to the market fast enough; hence,he learned the importance of rapid development.

Name: Geoff Wilson lost $1 million on his project because he could not bring a product to the market fast enough; hence,he learned the importance of rapid development.
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The statement directly states that Geoff Wilson lost $1 million because he couldn't bring a product to the market fast enough and learned the importance of rapid development.

Geoff Wilson Lost $1 Million on His Project Because He