Investor Connect Podcast

Shared Information Bias

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

The shared information bias is a cognitive bias defined by Wikipedia as the tendency for group members to spend more time and energy discussing information that all members are already familiar with and less time and energy discussing information that only some members are aware of.

Investors focus on information their investor group already knows and talks about but spend less time on information that is not well known.

In diligence, investors focus on the areas they already know and give less attention to the areas that are unknown.

To overcome shared information bias, consider the following:

Create a checklist of key topics to discuss and move the group forward through the list.

Give weight to the voices discussing diverse opinions.

Look for those who have experience with the topics and highlight their opinions.

Expand your group to include others who have more diverse experiences.

Capture the dialog into written form for follow-up review.

It’s easy to talk about the things you know and more difficult to discuss that which is new.

 

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.

_______________________________________________________

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: Shared_Information_Bias.mp3
Category:general -- posted at: 5:00am CST

On this episode of Investor Connect, Hall welcomes Hayden Blackburn, executive director of TechFW and director of Cowtown Angels.

Based in Fort Worth, TX, Cowtown Angels is an angel network that connects entrepreneurs seeking early-stage funding with local investors in an environment that accelerates growth and rewards strategic risk-taking. Cowtown Angels is a program of TechFW, and is a member of the Angel Capital Association and the Alliance of Texas Angel Networks.

TechFW is a 501(c)(3) non-profit organization that has been helping entrepreneurs launch and grow emerging technology companies since 1998. TechFW identifies entrepreneurs and startup companies with technologies that have a high potential for success in the marketplace.

Hayden has centered his career around social entrepreneurship and economic development. He is passionate about helping people realize their dreams and creating a positive impact in the world. Hayden coaches entrepreneurs commercializing innovative technologies, facilitates connections between entrepreneurs and angel investors, partners with universities to commercialize technologies, and is a leader in the development of an entrepreneurial culture and mindset across the Dallas-Fort Worth region. 

Hayden has helped organize multiple community staples for entrepreneurs, including Startup Weekend and 1 Million Cups Fort Worth. Hayden serves on the boards of organizations working in economic development and education, including Near Southside Inc., the Fort Worth Public Library Foundation, and the International Business Innovation Association.

Hayden dives deep into the role of investors and founders, the importance of learning, and the future of Angel groups. 

Visit Cowtown Angels at www.cowtownangels.org, www.linkedin.com/company/cowtown-angels-investor-network. And, TechFW at www.techfortworth.org/, https://www.linkedin.com/company/techfw-incubator-accelerator/. 

Reach out to Hayden at hayden@techfortworth.org, and www.linkedin.com/in/haydenblackburn.

_______________________________________________________

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: Hayden_Blackburn.mp3
Category:general -- posted at: 5:00am CST

1