The Venture Mindset

Stanford’s Ilya Strebulaev and Alex Dang distil their venture-capital research into decision rules — home runs matter and strikeouts don’t, bet on the jockey, agree to disagree, double down or quit.

Why it’s on the list: Named in the “explains an entire industry” thread, the industry here being venture itself. Strebulaev’s underlying dataset is the largest academic one on VC decision-making.

Where I saw it: In Kyle’s “Books To Read” Apple Note, recovered from the reply thread to @WillManidis asking “what is the single best book you can read that will explain an entire industry?” (June 2, 2025). The full recovered list lives on what is the single best book… (tweet).

Connections

• what is the single best book… (tweet) — the thread this came out of; the full recovered list lives there.
• Venture Capital — the industry the book is about, and Kyle’s own.