When the former CEO of a Fortune 100 company calls, people do what he wants especially if you’re a new venture backed hi-tech firm. Or maybe not. The President of this hi-tech firm, Bob, knew this particular CEO/Venture Capitalist who was a long standing investor in his company. But this CEO now turned venture capitalist had not yet invested in the company’s last round of funding.
We stake a lot on our beliefs–our reputations, our livelihoods, and, in some respects, the livelihoods of our team members. We’re so eager to be right that we can fall victim to confirmation bias