What Venture Capitalists Can Teach Companies About Decision-Making
Venture capital firms notoriously embrace risk and take big swings, hoping that one startup will become a monster hit that pays for many other failed investments. This VC approach scares established companies, but it shouldn\u2019t. Stanford Graduate School of Business professor Ilya Strebulaev says that VC firms have proven best practices that all leaders should apply in their own companies. He explains exactly how VC\u2019s operationalize risk, embrace disagreement over consensus, and stay agile in their decision-making\u2014all valuable lessons that apply outside of Silicon Valley. With author Alex Dang, Strebulaev cowrote the new book\xa0The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth\xa0and the HBR article "Make Decisions with a VC Mindset."