Posted in May 21, 2024 By Steve Blank
Ilya Strebulaev at the Stanford Graduate School of Business and director of Stanford’s risk capital initiative has just left with a book that should be on your reading list: the risk mentality.
The premise of the books is that the risk capitalists (who were responsible for the launch of a fifth of the 300 largest public companies in the United States) have a different mentality that are in the rest of the business world (and I would be a large number of phagence. Existing company, but did not.
The book responds why it is so. And why the risk companies of finding new companies that become unicorns? What are the skills that risk capital companies have not? And most importantly, can you/your company learn those skills?
The risk mentality is based on 9 key ideas:
If you are a founder who seeks to raise capital, this book will help you understand how VCs are evaluating your company. (I would like to have read this book at the beginning of my business trip).
If you are in a large company or government agency, this book will help you understand the difference between “safe” bets necessary to maintain the main business, compared to “safe” bets, necessary to create new businesses and/or disruptive.
It is definitely worth reading.
Filed in: Risk capital |