Chapter
The Importance of Bias to Action in Running a Successful Business
1:36:33 - 1:40:07 (03:34)
The pace at which decisions are made is more important than the accuracy of the decisions made, according to a Silicon Valley entrepreneur. He argues that a bias to action is more predictive of success than the decision-making itself.
Clips
The pace of decision-making matters more than accuracy in Silicon Valley businesses, and management should allow great features that are ready to be released to go public more easily.
1:36:33 - 1:38:30 (01:57)
Silicon Valley
Summary
The pace of decision-making matters more than accuracy in Silicon Valley businesses, and management should allow great features that are ready to be released to go public more easily.
ChapterThe Importance of Bias to Action in Running a Successful Business
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The willingness to act with a bias for action regardless of the scale of an organization can be a greater predictor of success than the accuracy of decisions made.
1:38:30 - 1:40:07 (01:37)
Decision-making
Summary
The willingness to act with a bias for action regardless of the scale of an organization can be a greater predictor of success than the accuracy of decisions made. Reducing risk-taking can reduce the rate of decision-making, ultimately impacting success.