In choosing who to date, what job to pursue, or how to invest our money, most people are just looking for a reason to move forward. But according to Professor Ilya Strebulaev, we should be looking for something else: a reason to bail.

"The smartest venture capitalists ask a very different question from what most of us ask," says Strebulaev. Instead of asking “‘Why should we invest?’, venture capitalists approach every new opportunity with [the] question: Why should we not proceed?” This contrarian mindset is at the heart of Strebulaev's new book The Venture Mindset, which reveals how the strategies of top VCs can help anyone make sharper decisions.

In this episode of Think Fast, Talk Smart, Strebulaev joins host Matt Abrahams to discuss how the venture mindset can help anyone — investor or not — weigh alternatives, make decisions, and move forward without looking back.

Episode Reference Links:

Ilya Strebulaev
Ilya’s Book: The Venture Mindset
Ep.41 Speak Like a Founder: How Successful Entrepreneurs Communicate to Their Teams
Ep.56 Lean Messaging: How Simple Messages Really Stick

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Season 4, Episode 15: Polish Folk Witchcraft With Joanna Wiedzma