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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Optimism Bias
Description: Optimism Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The optimism bias is defined by Wikipedia as the tendency to be over-optimistic, overestimating favorable and pleasing outcomes Startup founders often focus solely on the opportunity while ignoring the risks. Skeptical investors do the opposite by focusing on the risks. Startups succumb to the optimism bias because they believe more things are under their control and they can influence outcomes by their own efforts. To overcome the optimism bias, consider the following: Identify the average time it takes t...