3min chapter

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How to Make Better Decisions

a16z Podcast

CHAPTER

The Feedback Loop Is 10

I've been an investor for nine years. The feedback loop is 10. I've made 35, 40 decision. If I deferred any learning to the end, it would be pretty wasteful. There's another psychological thing we fight. Your lemon's ripen first. So if your company goes for 10 years, there's a pretty good probability it's gonna have a good outcome. But the ones that die after can't raise the next round,. That's when your negative outcomes manifest before your positive outcomes.

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