Startup Funding Espresso -- Omission Bias
b'Omission Bias Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The omission bias is defined by Wikipedia as the tendency to judge harmful actions (commissions) as worse, or less moral, than equally harmful inactions (omissions). Founders will often omit details rather than give outright lies when pitching their startup to an investor. Ultimately, in due diligence, all the facts will become known. It\\u2019s not a matter of if, but rather when. To overcome the omission bias, consider the following: While you can\\u2019t put everything in the first pitch, it\\u2019s important to inform investors of key issues rather than letting them find out on their own. Coming from the founder the investor will consider it a new fact about the startup. Coming from their own diligence the investor will consider it something being covered up. Instead of procrastinating make sure you are timely with the information as you are building a relationship with the investor. Trust is the foundation of that relationship. It\\u2019s best to put everything on the table as soon as possible with the investor so there are no surprises later. \\xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \\xa0 Check out our other podcasts here: \\xa0 For Investors check out: \\xa0 For Startups check out: \\xa0 For eGuides check out: \\xa0 For upcoming Events, check out \\xa0\\xa0 For Feedback please contact info@tencapital.group\\xa0\\xa0\\xa0 Please , share, and leave a review. Music courtesy of .'