Duke: Investors can choose to shorten 10-year feedback loops with intermediate milestones
Annie Duke · This will make you a better decision maker | Annie Duke (Thinking In Bets, former pro poker player) · May 2, 2024 · at 50:14
Decision strategist Annie Duke refutes the VC belief that ten-year fund lifecycles prevent evaluating investment decision quality in the short term.
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“There is no such thing as a long feedback loop. You can make a decision about how long the feedback loop is. That is your choice to live in a long feedback loop. And you can choose to shorten the feedback loop. And the way you choose to shorten the feedback loop is to say, what are the things that are necessary, but not sufficient? That's one thing for getting a good exit. Or what are the things that are correlated with the outcome that I eventually desire?”
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