The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
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The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
To use the Venture Mindset, you have to wear a risk-reduction engineer hat.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
To become an innovation champion, you may have to become a failure champion first.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
This is why home runs matter for VCs and strikeouts don’t.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
The goal is not to win each time. The goal is not to miss the opportunity to win big at least once.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
“In the VC business model,” the founder of Floodgate VC firm Mike Maples tells us, “you have to think of risk not as chance of failure, but as a chance of an upside success.”
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
“We’re working on much bigger failures right now. And I am not kidding. And some of them are going to make the Fire Phone look like a tiny little blip.”
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
Finally, at the top of this pyramid is disruptive innovation.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
Disagreement is your best friend in this case.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
VCs call themselves “risk-reduction