"Inspired by venture capitalists' unique mindset, this is a transformative playbook for delivering extraordinary results in modern organizations, from a Stanford professor and a technology executive. Behind life changing companies like Amazon, Google, Moderna, SpaceX, Zoom, and 23andMe, are Venture Capital investors. VCs are known for extraordinary ability to spot emerging trends, identify disruptive startups, attract talent, and bring new industries into being. Ilya Strebulaev has spent the last two decades at Stanford studying VCs' counterintuitive approaches to decision-making, and the reasons behind the success and failure of corporate innovation efforts. Alex Dang, a senior leader at McKinsey and Amazon, has seen up close the impact VCs' thinking and mechanisms can have on a business' success. Together in The Venture Mindset, they present nine distinct principles that can help anyone looking to transform their business and achieve extraordinary results, no matter the industry. The Venture Mindset isa new mental model where failure is a must, ideas are rejected in their myriads in search of a single winner, due diligence is put on its head, dissent is encouraged, plugs are pulled, and time horizons are extended. It is fundamentally different from the mindset found throughout the rest of the business world. This mindset helps leaders to develop a strong pipeline of ideas, make smarter, quicker decisions, and deliver more value at scale. It's a must read for any leader looking to stave off irrelevanceand win big in the uncertain world of business today"--
"Full of powerful, practical lessons on changing how we think and act." Eric Schmidt, former CEO and Chairman of Google
"Many principles mentioned in the book helped us build Zoom, and they will help you as well." Eric S. Yuan, Founder & CEO, Zoom
Inspired by venture capitalists unique way of thinking, The Venture Mindset offers a transformative playbook for delivering results in a rapidly changing world from a top Stanford professor and a technology executive.
Venture capitalists are known for their extraordinary ability to spot opportunities. They know how to identify emerging trends, how to bring new industries into being, and when to hold them and when to fold. Their unique mindset has made them the force behind world-changing companies such as Amazon, Google, Moderna, SpaceX, and Zoom.
Stanford Professor Ilya Strebulaev has devoted two decades to studying VCs counterintuitive approaches to decision-making and the reasons behind the successes and failures of corporate innovations. Alex Dang has witnessed up close how VCs thinking and mechanisms can create successful businesses at companies like Amazon and McKinsey.
Combining their insight and extensive experience, they present nine distinct principles that will help you make better decisions, transform your business, and achieve remarkable results, no matter your industry.
In The Venture Mindset, youll learn:
One question VCs ask that will change the way you evaluate opportunities
Why you should encourage dissent and be wary of consensus
The number one killer of innovation in traditional corporate environments
Why its crucial to learn when to pull the plug on initiatives
Why failure is not just an option, but a necessity
Packed with entertaining stories and scientific precision, The Venture Mindset is a must-read for anyone who wants to be better equipped for the era of uncertainty when industry, company, and career can be disrupted overnight. The Venture Mindset will teach you more than how to simply survive. Itll teach you how to win big.
