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VICTORIA PREW

Victoria Prew is an award-winning entrepreneur and CEO who has raised over $10M in venture capital funding (when 2% of VC goes to female founders), scaling tech-first marketplace HURR to become a UK revenue leader.

May 11 • 4 min read

🔊 Seven Frameworks I Use When The Stakes Are High


[thriving in chaos] [victoria prew]

Seven Frameworks I Use When The Stakes Are High

Read this on victoriaprew.com​

Read time: 3 minutes

Hey team!

Starting again is scary. Even when you chose it. Even when you are ready for it.

I handed over the keys to HURR earlier this year. Lauren, our COO, is now CEO. It was the right call. And then I did what every founder does the moment the adrenaline stops. I second-guessed everything. Was it skill or luck? Can I execute at that level again? Or was the first time a fluke I will spend the next decade chasing?

I have stopped trying to answer that question. It is the wrong one. The right question is whether I can make better decisions this time than I did last time. That is entirely within my control. And right now, I am making some of the most significant calls of my career. Capital. Mission. Team. The kind of decisions where getting it wrong compounds for years.

So I went back to the frameworks.

TODAY AT A GLANCE

  • Decision quality is the only variable you fully control. Outcomes never are.
  • Most founders treat reversible and irreversible decisions identically. That is where the expensive mistakes live.
  • Run the full stack before any call that cannot be undone. Two minutes of process saves years of consequence.

[the thought]

Good decisions are rarely accidental

Every founder has a detailed process for evaluating a business. Market size, unit economics, team quality, timing. Most have no equivalent process for evaluating the decisions that will determine the shape of their own next decade.

The problem is not intelligence. It is not even experience. It is the absence of a repeatable system applied consistently when the pressure is highest and the emotions are loudest. Good decisions are rarely accidental. They are the output of clear thinking, deliberately structured. The founders I watch most closely are not the ones with the most information. They are the ones with the best process for acting on incomplete information.

Here is mine.


[the decision stack]

Decision Making Frameworks:

1/ The Probability Check

Stop asking whether something will work. Nothing is guaranteed and that question produces paralysis. Ask instead: what are the realistic odds this works, and am I comfortable acting on those odds? Good decision-makers think in probabilities, not certainties. A 65% chance of a strong outcome is worth acting on. A 90% chance of a mediocre one is not.

2/ The Worst-Case Scenario Test

Name the actual downside. Not the catastrophic hypothetical — the realistic one. Can you recover from it? Most decisions become significantly easier the moment you name the real downside rather than the imagined one. The imagined downside is almost always larger. The realistic one is almost always survivable.

3/ The Values Filter

Before any analysis, one question: does this align with what I am building now? Not what I was building three years ago. Now. When values are genuinely clear, a significant number of decisions eliminate themselves before you have to run a single calculation. If you are talking yourself into the alignment, it was never aligned to begin with. That is the rule.

4/ The Opportunity Cost Check

Every yes is a no to something else. This is the framework most founders skip because naming what you are giving up feels like loss, even when it is strategy. Ask explicitly: what am I saying no to by saying yes to this? If no real trade-off surfaces, you have not thought hard enough.

5/ The 10/10/10 Rule

Developed by Suzy Welch, this is the fastest tool I have found for separating short-term fear from long-term wisdom. Ask three questions: how will I feel about this decision in 10 minutes, in 10 months, in 10 years? Most hesitation lives in the 10-minute window. Most regret lives in the 10-year one. When those two conflict, the 10-year view wins. Every time. I applied this to a decision I had been circling for four months. The 10-minute answer was fear. The 10-year answer was obvious. I moved within the week.

6/ The Reversible vs Irreversible Rule

Not all decisions carry the same weight and treating them identically is one of the most common and costly founder errors. Reversible decisions deserve speed. Move fast, get data, adjust. Irreversible decisions deserve the full stack. Slow down, run everything, sit with the gap between what the logic says and what the body says. The error is not moving too fast or too slow. It is applying the same level of deliberation to both.

7/ The Bias Audit

After running every framework, one final check. What bias is most likely distorting my conclusion right now? - -

  • Confirmation bias (am I weighting evidence that supports what I already want to do?)
  • Loss aversion (am I overweighting the downside because losing feels worse than winning feels good?)
  • Fear of regret (am I deciding to avoid blame rather than produce the best outcome?)

Naming the bias does not eliminate it. But it creates enough distance to ask whether the conclusion still holds once you account for it. That gap is where the most expensive mistakes live.


[the question]

Was it fluke?

I keep coming back to it. Was HURR skill or luck?

Both. It was pattern recognition built over years, compounded by timing I could not have engineered, compounded by decisions I made under pressure that turned out to be right. I will never fully separate those variables and I have stopped trying.

What I can do is run a better process this time. Make fewer calls on emotion. Apply the stack even when the answer feels obvious. Especially when the answer feels obvious. Because the decisions that feel obvious are the ones most likely to carry an unexamined bias.

The second chapter is not easier. The naivety that made the first one survivable is gone. The stakes feel higher because you know exactly what can go wrong. But the self-knowledge is sharper. The process is better. And I've genuinely never felt so sure.


Ps. The businesses I am evaluating right now are being run through exactly this stack. Every acquisition decision, every capital call, every team hire. The founders who build well the second time are not more certain than they were the first time. They are more deliberate. That distinction is everything.

Have a good week!

Victoria


Victoria Prew is an award-winning entrepreneur and CEO who has raised over $10M in venture capital funding (when 2% of VC goes to female founders), scaling tech-first marketplace HURR to become a UK revenue leader.


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