Annie Duke: evaluation

Transcript context

…Amazing. I think this is going to be really helpful to a lot of people. Just to close the thread on this little summary maybe is core advice here is brainstorm separately. So I guess first, there's discover, discuss, decide. To discover ideas completely independently, basically brainstorms. You're a big advocate of brainstorming independently, sitting on your own, thinking through ideas. And then bringing people together to discuss all the things they've come up with and especially where they disagree. And then ideally having one person that makes a decision once she or he has taken all the input. Yeah, you can have one person. I mean, I work with people where it's like a partnership and there's six people who are going to vote, but they still do it independently. They go to a forum. So I don't know what your vote is. And all six people don't have to agree. I mean, I just think it's really important that once you get above an end of one, you shouldn't necessarily expect the people to agree, which I think is just really important. And this is good for more than just brainstorming. It's for forecasting, any kind of project planning, budgeting. Yeah, I mean, we do this, for example, at First Round, we have a structured forum for evaluating a company in terms of whether you should invest in it because there are facts and then there are the way that you model those facts in. So it's a lot, what are the investor's opinion of the founder and the product and that kind of thing. And we just have structure around how we're eliciting those opinions, which is really helpful. The other thing that I'll just add to what you said is that you can actually be in the same room together and still discover information independently. So this will happen on the fly all the time where people are talking and they start talking. Something comes up, like someone suggests some new feature or something like that, and then people start saying, "Yeah, but that's going to take..." And you go, "Stop. Okay, everybody take out a piece of paper." So you can still get that same independence on the fly as well as doing it in advance. But yes, that was a very nice summary. If this is just the one thing people take away from this conversation already, I think that could have a big impact. Speaking of First Round, one, we actually just had Todd Jackson on the podcast talking about-…

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