Mastering Early-Stage Investing: From Checklists to Decision Diaries
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Episode Summary
Join Cheryl and Maxine on an insightful journey into early-stage investing in this episode of First Cheque. The discussion covers the transition from basic checklists to more sophisticated decision diaries, emphasizing structured evaluation and the importance of capturing and analysing decision-making processes over time. Key topics include understanding founder commitment, market size evaluation, and the balance between intuition and quantitative analysis. The episode offers practical advice on refining investment strategies through critical thinking, timely decision-making, and mitigating biases. Additionally, it explores the qualitative nature of early-stage investments and the value of leveraging instincts effectively. Tune in to transform your investment decisions with proven frameworks and mental models.
Key Takeaways
00:00 Welcome to First Cheque: Your Guide to Early-Stage Investing
00:22 Diving into Decision-Making and Mental Models
02:05 From Checklists to Decision Diaries
07:20 Evaluating Founders and Market Size
16:28 The Importance of Timing in Investment Decisions
20:13 Understanding Mid to Late-Stage Investing
20:56 The Role of Intuition and Quantitative Measures
22:38 Challenges of Data-Driven Investment Matching
23:17 Personal Experience with Investment Matching
25:49 The Potential and Limitations of AI in Investing
28:35 Decision Diaries: A Tool for Better Investment Choices
35:03 Key Questions for Investment Decisions
37:14 Reflections on Decision-Making and Instincts
37:38 Conclusion and Call for Feedback
Resources
Maxine's Decision Diary Template
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