Want to create an interactive transcript for this episode?
Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Law of the Instrument
Description: Law of the Instrument Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The Law of the instrument is a cognitive bias defined by Wikipedia as the over-reliance on a familiar tool or method, ignoring or under-valuing alternative approaches. "If all you have is a hammer, everything looks like a nail." Investors use the deal flow and screening process they are most familiar with. These tools can favor some deals over others.  Deal flow channels provide a certain type of deal flow which may or may not be the best...