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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Projection Bias
Description: Projection Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The projection bias is defined by Wikipedia as the tendency to overestimate how much our future selves share one's current preferences, thoughts, and values, thus leading to suboptimal choices Founders who hire team members in the early stage come to realize that different skills will be required later in the life of the startup. To overcome projection bias, consider the following: In making decisions with long-term implications, maintain awareness of the projection bias. On a regular basis make...