Want to create an interactive transcript for this episode?
Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Ostrich Effect
Description: Ostrich Effect Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The ostrich effect is defined by Wikipedia as ignoring an obvious negative situation. It’s common among founders to ignore the challenging parts of the startup such as competitive position or weakness of the product, and more. Some founders handle it by not paying attention to it. Others misinterpret the situation as something else so they don’t have to deal with it. Founders do this to avoid the difficult emotional effects of the situation. To overcome the ostr...