Ep. 1288: Ilya Strebulaev Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

My guest today is Ilya Strebulaev, a Russian-American financial economist, researcher, author, and speaker with expertise in venture capital, startups, and corporate innovation. He has been a professor at the Stanford Graduate School of Business since 2004. From 2018 to 2022 he was on the board of directors of Yandex, the Russian equivalent of Google. Ilya co-developed a framework that asses the value of private venture capital (VC) backed companies. His research also includes studies on the decision-making of startup investors, the organization and design of VC and corporate VC units, and the importance of venture capital in innovation and the economy.

The topic is his co-authored book The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth.

In this episode of Trend Following Radio we discuss:

• Venture capital
• Risk and uncertainty
• Decision making
• Home runs vs. strikeouts
• Counterintuitive principles
• Applying venture mindset on business
• Cultural differences on the venture mindset

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

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Hope you enjoy my never-ending podcast conversation!