Coburn Ventures Podcast #106: The Rocks Meeting - Part 3 of Collaboration Series
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Jul 7, 2022 Discover the innovative Rocks meeting technique designed to enhance collaborative efforts in investment decisions. The speakers share how asking the right questions can lead to significant insights and better investment strategies. They discuss the cultural shifts needed to adopt this method and its structure for effective dialogue. The importance of creating a supportive environment, refining questions, and encouraging participation is emphasized, showcasing how this counter-cultural approach can unlock deeper analysis and engagement within teams.
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Definition of a 'Rock' Question
- A "rock" is a high-impact question that could dramatically change an investment position if solved. - Identifying the right question is critical and often requires collaboration.
Origin of Rocks Meeting Idea
- Brynn and Pip experienced the "rock" concept in an entrepreneur's Friday standup meeting focused on priorities. - They adapted this idea to investment processes by unearthing core questions together.
Admitting Need for Collaboration
- The key counter-cultural element is admitting you can't figure out the right investment question alone. - Getting the right question takes collaborative effort and often iterates multiple times.