Decision-making in a startup is the nucleus of risk. Bill Midgette and I discuss our experience with entrepreneurs and how they make these direction-setting decisions. When the entrepreneur makes this decision, that’s when the money starts being spent. To get that next round of funding, the first money spent will show better results. If you are an entrepreneur, you have to make these big decisions in a short timeframe based on a combination of facts, experience, and assumptions. The wrong decision can sink you and your new startup. That’s risk. Listen to what we learned as angel investors working with entrepreneurs and their decision-making process.
Watch the full conversation:
