I realized I needed to stop and reflect on my investment decisions to identify patterns that led to favorable or unfavorable outcomes, aiming to improve my future investments.

Establishing a clear investment process is essential; it helps you avoid wishy-washy decisions and ensures you make optimal investment choices.

The hardest part about investing is deciding how to make investment decisions and organizing a consistent process to evaluate founders and their businesses.

We encourage our team to invest in opportunities that show promise, even if they come with risks, as this can lead to significant breakthroughs. In venture capital, the key to success is identifying the next big thing early and investing heavily, rather than focusing on win rates or percentage returns.

After facing significant setbacks, we took back control from our investors and focused on learning from our mistakes to develop a better product.

We developed practices and models based on principles, and we periodically examine them to ensure they align with our underlying principles, which drives improvement and growth.

When evaluating investments, it's crucial to have a clear process, even if that process is simply acknowledging that you don't have one yet.

It's important to learn from past mistakes while also being cautious not to let those experiences overly influence future investment decisions.

We assess our performance at Y Combinator by reflecting on our feelings about past batches and implementing programs to help companies raise Series A funding more effectively.