The Implied Assumption of Success

One of the mental traps that I try to avoid is what I’m going to term “the implied assumption of success.” This trap occurs when entrepreneurs say something like, “If I raise $2 million instead of $500K, I’ll be able to get much farther, so I should raise $2 million.” The issue, of course, is … Continue reading The Implied Assumption of Success

Mental models for startup entrepreneurs

Farnam Street is one of those wonderful blogs that doesn’t cover the startup industry, but does help you think.  One of their recent posts discussed the importance of mental models: “Small models of reality need neither be wholly accurate nor correspond completely with what they model to be useful. Your model of an iPhone may … Continue reading Mental models for startup entrepreneurs