Investor Connect Podcast

Confirmation Bias

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Confirmation bias is a cognitive bias defined by Wikipedia as the tendency to search for, interpret, focus on and remember information in a way that confirms one's preconceptions.

Investors bring their recent investment experiences to fund new startups.

If the investor recently lost their investment in a deal in a certain sector, then the investor will most likely look unfavorably at other deals in that sector.

On the other hand, if the investor found success in investing in a particular type of company, then most likely the investor will look for similar companies.

It’s important to understand these forces when setting up an investment thesis and criteria for funding startups.  

To overcome confirmation bias consider the following:

Try to view the deal from other angles than you traditionally use.

Ask other investors for their views on it and note the ones with strong objections.

Discuss your thought process with other investors to see where you might be off the mark.

Expand your connections to include people with other experiences and viewpoints.

Give prominence in your thinking to views divergent from your own. 

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Music courtesy of Bensound.

Direct download: Confirmation_bias.mp3
Category:general -- posted at: 5:00am CDT

On this episode of Investor Connect, Hall welcomes Derren Burrell, Founder & Managing Partner at Veteran Ventures Capital.

Located in Knoxville, TN, USA, Veteran Ventures Capital (VVC) is a veteran-owned growth-equity investment fund & firm focused on veteran businesses. VVC interacts exclusively with companies that have military veteran leadership, recognizing the value of military experience, training, and character in business operations.

VVC’s team is comprised of distinguished former military officers and seasoned financial experts from across the country. Their value proposition lies in their granular understanding of the military culture, significant connections within the federal government & defense industry, and working knowledge of the government procurement process.

Derren is a retired Lieutenant Colonel with over 28 years as a professional financial manager in both the public and private sectors. He is the Founder & President of Veteran Ventures Capital, an investment and consulting firm focused on scaling veteran-owned businesses. In this capacity, he oversees all aspects of the company operations and fund management of the Veteran Fund, which invests in early stage/growth companies.

He is a graduate of the Citadel and past recipient of several awards including the Defense Meritorious Service Medal, Air Force Commendation Medals, Joint Service Achievement Medal, Air Force Budget Officer of the Year twice, Air Force Financial Management Officer of the Year, Comptroller of the Year, and USAFE James E. Short Award for Outstanding Contribution to Mentorship and Career Development.

Derren shares his experiences working both in the public and private sectors and his passion for helping veteran-owned businesses.

Visit Veteran Ventures Capital at www.veteranventures.us/, www.linkedin.com/company/veteran-ventures-capital-llc/, and on twitter.com/VenturesVeteran

Reach out to Derren at derren@veteranventures.us, www.linkedin.com/in/derrenburrell/, and on twitter.com/dp_burrell

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https:/_/tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.

Direct download: Derren_Burrell_of_Veteran_Ventures.mp3
Category:general -- posted at: 5:00am CDT

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