Homeruns Matter, Strikeouts Don’t, Tips to Gain a “Venture Mindset”

Wether or not you manage millions of dollars like a venture capitalist, Stanford Professor Ilya Strubelaev thinks you should definitely act like a venture capitalist. So much so, in fact, that he wrote a book about it. The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth, lays out nine principles that successful VCs follow.

One of those principles is that “Home runs matter, strikeouts don’t.” To understand what that means, and how it can disrupt the way you think about your own business and life, check out this Q&A we conducted with Prof. Strubelaev.