Learning Lessons From Venture Successes Is Extremely Dangerous Due to Bias
Mo Koyfman · Mo Koyfman: The Secret to Winning in Venture; Why Small Funds Outperform Large Funds | 20VC #915 · 20VC with Harry Stebbings · Aug 8, 2022 · at 48:54
Mo Koyfman, founder and General Partner at Shine Capital, discusses why attributing successful venture outcomes to specific choices creates dangerous confirmation bias.
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“I've actually found that learning lessons from successes is extremely dangerous because of the risk of confirmation bias. We will convince ourselves Of whatever we want to convince ourselves is the proximal cause of the success, you know, because it was successful. So I honestly believe that you can only really learn from your failures.”
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