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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – False Consensus Effect
Description: False Consensus Effect Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The false consensus effect is defined by Wikipedia as the tendency for people to overestimate the degree to which other people agree with them. Founders sometimes overestimate how others may share their beliefs. They often mistake silence for consent in talking with investors. Investors often nod in acknowledgment of what the founder says but this doesn’t mean they agree. To overcome the false consensus effect, do the following: Maintain awareness of the false consensus effect and re...