AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
20VC: a16z's Chris Dixon on Who Will Win the Next Generation of Venture, The Two Ways to Make Great Venture Investments and Find the Best Entrepreneurs & Why AI Will Strengthen the Position of the Incumbents Moving Forward
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Balancing Expertise and Humility in Investing
Having high conviction on investment ideas can lead to a need for mental model readjustment when they do not perform well. Personal experience revealed that overemphasizing one's expertise in a specific industry led to poorer investment choices, while being more people-focused and agnostic about ideas in other fields resulted in better outcomes. This led to the realization of the importance of weighting the value of people more significantly in investment decisions. A methodology emerged of balancing expertise in a domain with humility to recognize when others possess more knowledge. This balancing act between being well-prepared in a field and being open to others' insights is crucial in successful investing.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode