1min snip

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

NOTE

The Importance of Spending Time on Exploratory Routes and Encouraging Critical Thinking

Spending time on branches that seem likely to fail but are out of one's wheelhouse is necessary to become better at those things./nAllocate a certain percentage of first meetings to understand markets that are not in one's wheelhouse./nAsking oneself the right questions is important. For example, what is happening with the things one is saying no to?/nExpanding one's mind and developing critical thinking skills is important in the investment industry./nEncouraging expansiveness and being open to new opportunities is crucial for success.

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