INVESTING IN UNICORNS: LUCK OR SKILL?

Summary from the TLDR Founders newsletter

Venture investing involves making decisions based on limited data to predict future outcomes, but the reasons for an investment's success may differ from the initial assumptions. Reflecting on and recording the original decision-making process is crucial for improving future investment choices, as it helps investors avoid the pitfall of resulting, which is judging a decision's quality solely based on its outcome. Investors can enhance their ability to make better investment picks by focusing on the quality of decision-making rather than just the outcomes.