The Startup Chat - 37: How to Make Decisions When You Don't Have All the Information

What it does

The best entrepreneurs know how to make decisions with imperfect data, and do it all of the time. This is a key aspect to founders' success.

Unfiltered insights and actionable advice straight from the trenches of startup and business life. Dealing with doubt and making decisions when you don’t have all the information you’d like aren’t easy things for entrepreneurs. Today we discuss ways we think about doubt and how we push through that to make decisions even in the times where we may not have all the data we think we need. Hiten says communicating with confidence is different than communicating with no doubt. He feels doubt is an internal thing and confidence can be in how you communicate. Steli talks about how startups need to make decisions based on imperfect data. We compare the idea of not knowing something to not knowing…from thestartupchat.com

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