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Ethan Fialkow’s Blog

The owner’s manual for the mind running your company.

Why Smart Founders Lie to Themselves About Risk

The standard story about founder self-deception goes like this: founders make bad decisions because they're not rigorous enough. They don't run the numbers. They don't pressure-test assumptions. They…

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Your Real Risk Appetite Is Three Sliders, Not One

You said you were a calculated risk-taker. You said it in the pitch deck. You said it to your co-founder. You said it to yourself, sitting alone at 11pm with the term sheet in front of you, and you…

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