Chapter
Counterfactual Thinking in Venture Capital
11:20 - 16:38 (05:18)
In venture capital, it is important to consider the counterfactual, or the alternative decisions that could have been made, in order to preserve the non-consensus views that lead to successful investments in unique and innovative companies.
Clips
In advising struggling companies, it's important to distinguish between those that pivot too frequently and those that stick too stubbornly to their original plan.
11:20 - 12:26 (01:06)
Summary
In advising struggling companies, it's important to distinguish between those that pivot too frequently and those that stick too stubbornly to their original plan. Success should always be the goal, not failure in any form.
ChapterCounterfactual Thinking in Venture Capital
Episode#163: Marc Andreessen -- Lessons, Predictions, and Recommendations from an Icon
PodcastThe Tim Ferriss Show
The speaker discusses how there is a fallacy in thinking you can know the outcome of your decisions and that it is impossible to see the alternative.
12:27 - 14:18 (01:51)
Summary
The speaker discusses how there is a fallacy in thinking you can know the outcome of your decisions and that it is impossible to see the alternative. This applies to both founders and investors in the business world.
ChapterCounterfactual Thinking in Venture Capital
Episode#163: Marc Andreessen -- Lessons, Predictions, and Recommendations from an Icon
PodcastThe Tim Ferriss Show
It's important for companies to have a strong foundational strength despite any problems and issues they might be facing.
14:20 - 16:38 (02:18)
Summary
It's important for companies to have a strong foundational strength despite any problems and issues they might be facing. Investment in unusual and odd companies is also important in the venture capital industry as these companies can have strong non-consensus views and significant potential for growth.