Episode 032: Imagine If with Josh Kopelman

In this engaging podcast, Annie Duke chats with venture capitalist Josh Kopelman from First Round Capital about enhancing decision-making in seed-stage venture capital. They tackle the challenges posed by lengthy feedback loops and the tricky task of distinguishing luck from skill when evaluating investments. Kopelman shares how First Round improves its decision-making by turning implicit factors into clear criteria through a structured rubric and pre-vote system. This approach not only aids in data collection but also leads to more informed choices. The discussion underscores the need to quantify qualitative assessments, encourage constructive disagreement to uncover biases, and continually evolve decision-making processes.