Chapter
Cognitive Frameworks and Biases in VC Investments
20:59 - 26:10 (05:10)
The VC industry is constantly trying to understand the cognitive frameworks and biases that impact investing decisions in order to unlock the key to success, as people tend to overestimate the likelihood of success due to the survivorship bias.
Clips
The founder of a podcast talks about how personal branding can benefit startups and attract investors.
20:59 - 23:06 (02:06)
Summary
The founder of a podcast talks about how personal branding can benefit startups and attract investors. By becoming a celebrity in the industry, founders have the potential to give permission to people to engage with their startup and create connections for growth.
ChapterCognitive Frameworks and Biases in VC Investments
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The VC industry is constantly exploring cognitive frameworks and biases to figure out a model to unlock success and mitigate the effects of confirmation and survivorship bias.
23:06 - 26:10 (03:04)
Summary
The VC industry is constantly exploring cognitive frameworks and biases to figure out a model to unlock success and mitigate the effects of confirmation and survivorship bias. People tend to overestimate the probability of outlier success because it is more memorable than failure, which leads to false expectations and bad decisions.