Law of the Instrument

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

The Law of the instrument is a cognitive bias defined by Wikipedia as the over-reliance on a familiar tool or method, ignoring or under-valuing alternative approaches. 

"If all you have is a hammer, everything looks like a nail."

Investors use the deal flow and screening process they are most familiar with.  These tools can favor some deals over others.  

Deal flow channels provide a certain type of deal flow which may or may not be the best available.

Explore other deal flow channels to find better deals.

Also, the investor’s screening process focuses on specific aspects of the startup such as team, traction, or market size.

Consider other screening criteria to find better deals.

From these efforts consider updating your deal flow and screening process overall.

As startup markets change and evolve, new business models and market conditions prevail.  

New models and markets often need new deal flow and screening processes.

Explore how other investors find and screen startups and compare them to 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.

On this episode of Investor Connect, Hall welcomes Brett Calhoun, Managing Director and Partner at Scale VC.

Located in Columbia, Missouri, USA, Scale VC is an accelerator fund and venture studio investing monetary and social capital in early-stage tech founders who are strengthened by struggle. 

Scale brings a team of dedicated operators who have the insights & support from building billion-dollar companies to remove unnecessary barriers, so founders can focus on the hard stuff that matters.

Brett, is the Managing Director and Partner at Scale, building and investing in startups at the earliest stages. He is the Co-Founder of lending startup CharlieMike and a founding team member of tax software startup CapGains. Prior, he had investing experience at The LegalTech Fund and was an early employee at VC-backed Paytient.

Brett shares the challenges of starting a venture capital business, the opportunities, and the right "venture capital lifestyle".  

Visit Scale VC at www.scale-vc.com, and on www.linkedin.com/company/scale-incubator.

Reach out to Brett at brett@scale-vc.com, www.linkedin.com/in/brettcalhoun393 , and on twitter.com/brettcalhounn.

_______________________________________________________

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.