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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Omission Bias
Description: Omission Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The omission bias is defined by Wikipedia as the tendency to judge harmful actions (commissions) as worse, or less moral, than equally harmful inactions (omissions). Founders will often omit details rather than give outright lies when pitching their startup to an investor. Ultimately, in due diligence, all the facts will become known. It’s not a matter of if, but rather when. To overcome the omission bias, consider the following: While you can’t put everything in the firs...