"When you know it's not right, it isn't."
A fellow board member said this to me a few months back and I wrote it down as something I wanted to remind myself of every once in a while. She was referring to the human tendency to act slowly in the face of clear evidence and in particular to venture capitalists' reluctance to be decisive. While I don't fully subscribe to the "Blink" theory on decision making, I find it excruciating when decisions are drug out unnecessarily. Don't do that.
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