Do you agree with the Snake Rule of venture? 🐍💰 Latest episode of 20VC out now with Danny Rimer. Link in bio. — #20VC #HarryStebbings #DannyRimer #IndexVentures #venture #venturecapital #VC #Founders #Entrepreneurs #businesstips #businessowner #businessproposal

He created an all hands and at the all hands, he said, folks, I grew up in Mississippi and we have snake rules that are very important and I want you to think about this. The first one is if you see a snake, you kill it. You don't stick around and look at it. You actually have to kill it because otherwise it's gonna kill you. The second one, you don't play with dead snakes. In other words, they might have venom in them. They might still be alive. So as soon as you've killed it, don't play with it. And then he said, the third one is all opportunities start up looking like snakes, which really made people scratch their heads. So he's really saying that your job is to make a decision. That's the concept of seeing a snake and killing it. You make a decision. The most important one is don't revisit that decision. Once you have commit, you're all in. It's not up for debate. It's not up for folks discussing it or disagreeing with it. Everyone is committed. And then the third one is I do understand that it's gonna be tough to make decisions because they look like opportunities, but your job is to assess them and make a decision. Another one that I talk to my entrepreneurs about all the time is the snake rule. So Jim was an incredible executive.