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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Pro-Innovation Bias
Description: Pro-Innovation Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The pro-innovation bias is defined by Wikipedia as the tendency to have an excessive optimism towards an invention or innovation's usefulness throughout society, while often failing to identify its limitations and weaknesses. Startups overestimate the speed of adoption of new technology. Users are often slow to adopt new technologies due to the cost of time and dollars to integrate them into their workflow. To overcome the pro-innovation bias, consider the following: Estimate the cost of switching and design...