
#206 The Venture Mindset with Ilya Strebulaev, Economist & Professor at Stanford Graduate School of Business
DataFramed
Focus on Home Runs, not Strikes
Adopting a venture mindset allows for making high-quality decisions despite the difficulty in predicting outcomes. The key principle of the venture mindset is that 'Home runs matter, strikes don't.' This means that it is acceptable for many projects to fail as long as you experiment, iterate quickly, scale fast, and focus on projects with the potential to become a significant success.
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