which one do you think matters more if you had to pick only one? (and why)?

Focus > Urgency but both are important

Focus without urgency — you're more likely to build the right thing, challenge is will you run out of money, time, interest from your users

Urgency without focus — you'll do a lot of stuff, but necessary condition to success is to work on the right thing.

Agree, focus and urgency should be equal. I was in the situation when we only focused on the right thing but we finally lost momentum