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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Present Bias
Description: Present Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Present bias is a cognitive bias defined by Wikipedia as the tendency of people to give stronger weight to payoffs that are closer to the present time when considering trade-offs between two future moments Early exits weigh stronger on investors than further-out exits even if substantially larger. Under present bias, investors forgo longer-term gains for immediate gratification. To overcome present bias, consider yourself in the future compared to today. Ask what your future self wants rather than your...