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’t. 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’s operationalize risk, embrace disagreement
over consensus, and stay agile in their decision-making—all
valuable lessons that apply outside of Silicon Valley. With author
Alex Dang, Strebulaev cowrote the new book The Venture
Mindset: How to Make Smarter Bets and Achieve Extraordinary
Growth and the HBR article "Make Decisions with a VC Mindset."