Here’s the lesson: set your organization goals thoughtfully. If the organization celebrates and pays bonuses only for successfully achieved targets, don’t be surprised by endless sandbagging and employees setting low-risk, easily achievable targets in the first place.

VCs call themselves “risk-reduction

As it turned out, out of every 100 publicly traded firms founded since the 1970s, 50 were backed by VC funds.

The goal is not to win each time. The goal is not to miss the opportunity to win big at least once.

“Success in VC is probably only 10% about picking and 90% about sourcing the right deals,”

To make investments, venture capitalists first need to find them.

To become an innovation champion, you may have to become a failure champion first.

You don’t know who from your network will bring you the next killer idea, but your best sources are more likely to come

These three mechanisms are part and parcel of the Venture Mindset.