Gambler's fallacy

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

The gambler’s fallacy is a cognitive bias defined by Wikipedia as the tendency to think that future probabilities are altered by past events when in reality they are unchanged. 

Investors bet on startups that follow what other recent successful startups have done even though the potential of the startup is no better than before.

For example, after a startup proves successful in a sector, investors rush to that sector to fund similar startups.

While the market may be ripe for startup success there are many other factors that come into play to achieve a successful exit.

To overcome the gambler's fallacy, the investor should focus on the data describing the future. 

Past events don’t predict future success.

Each startup is unique and success is driven by many factors.

Investors should be aware of the gambler's fallacy and judge each startup on its merits.

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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On this episode of Investor Connect, Hall welcomes Christian Kameir, Managing Partner at Sustany Capital.

Located in Newport Beach, CA/USA, Sustany Capital is a deeply thesis-driven investment firm, applying a first principles approach and scientific rigor to investments in technologies positioned to reshape global economic activity. Having invested in network technologies for more than twenty years, Sustany’s managing partners started researching investment opportunities in the blockchain and Web3 space in 2013.

The combined innovation power of these technological paradigms opens the door for moving more than one-third of global GDP away from incumbent middlemen to new solutions providers. After four years of thesis development and successful principal investments, Sustany’s first fund was formally established in January 2018. 

Christian, a managing partner at Sustany Capital, has been a successful tech entrepreneur since the internet dial-up days and led the merger of the leading internet service providers in Europe during the Web1 area. In 2000 he moved to California to co-found his first technology venture fund. 

Christian studied linguistics, and natural language programming, and is a graduate of Muenster's School of Law. He serves as a board member at the data standards organization Open Travel, chairs the Banking and Financial Services Interest Group at the Decentralized Identity Foundation, and is a financial fiduciary board member at a human rights foundation. 

Christian shares his background and discusses Web3, blockchain, and much more.

Visit Sustany Capital at www.sustany.co, and on www.linkedin.com/company/sustany-capital.

Reach out to Christian at chris@sustany.co, www.linkedin.com/in/kameir, and on twitter.com/kameir.

_______________________________________________________

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.