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Investor Connect Podcast


Investor Connect is for investors interested in learning more about investing in startup and growth stage companies. Experienced investors share their experiences and advice with those who are considering an investment into startups and growth companies. It includes a podcast series of interviews with investors to inform others about the process of funding startups as well as a resource list and a discussion board.  

Topics include sourcing, analyzing, and researching companies. Other topics include valuations, terms Sheets, board of directors, board of advisors, due diligence, syndicates, venture capital, angels, angel networks, family offices, crowdfunding, exits, and more.

Investor Connect is a community program. We welcome your suggestions for speakers and topics which you can send to us through the Contact page. No registration is required to use the resources.  Discussion boards are available to post and answer questions about startups and growth company investing through which registration is required.

Investor Connect is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to the education around startup funding.

Disclaimer: Hall T. Martin is the Director of Investor Connect which is dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Apr 27, 2023

Observer Expectancy Bias

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

The observer expectancy bias is defined by Wikipedia as when a researcher expects a given result and therefore unconsciously manipulates an experiment or misinterprets data in order to find it.

Startups will take customer feedback and ignore the elements that don’t match their expectations.

This is a problem that many startups face when gathering data about the problem to be solved and engaging with prospective customers about the solution.

To overcome the observer expectancy bias, consider the following:

Maintain awareness of the bias and check to make sure that all the customer feedback is making its way into the decision-making process.

Have multiple people review the data separately and draw their own conclusions.

Then combine the conclusions into one report.

Design customer feedback questions to avoid observer expectancy bias such as the wording of the questions that lead the respondent one way or another.

Design customer feedback interviews so it doesn’t presume the stated problem is confirmed but rather let the customers confirm it.

Set up customer feedback interviews in a double-blind format so the one asking the questions and those answering are unaware of the hypothesis under discovery.

 

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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