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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso -- Illusory Superiority
Description: Illusory Superiority Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Illusory superiority is defined by Wikipedia as overestimating one's desirable qualities and underestimating undesirable qualities, relative to other people. Every founder considers themselves superior and should be funded accordingly. This is a flawed view of the startup world in which investors can see many startups while the founder sees far fewer. In fundraising, there’s competition for startup investment. To overcome illusory superiority, consider the following: Maintain awareness of illusory superiority throughout the fundraising process. Remember how many ot...