Reading the post, Why Investors Make So Many Boneheaded Mistakes, I couldn’t help but think the same reasons investors make mistakes is the same for startups (founders, employees, and investors). We all think we’re being diligent, that we’ve checked the facts and this is the real deal, but as Michael Mauboussin points out in his book Think Twice: Harnessing the Power of Counterintuition our logic is often flawed. If you’ve ever worked in tech or at a startup, watch the video and review the 8 common mistakes investors make and tell me you’re not guilty? And if that isn’t enough, see what Eric Ries has to say about Ice Cream Gloves.
8 Common Mistakes Investors Make
- View Each Problem as Unique
- Tunnel Vision
- Uncritical Reliance on Experts
- Influenced by Peer Pressure
- Illusion of Understanding
- Assuming There’s a Definitive Answer
- Assuming All Risks Factored In
- Confusing Luck vs. Skill
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A Senior Product Manager at 