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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Groupthink
Description: Groupthink Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Groupthink is a cognitive bias defined by Wikipedia as the psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. Since many investors invest as a group and use social proof as part of their decision process, it’s easy to fall into the trap of groupthink. In pitch sessions, investors often follow the lead of other investors so as to fit...