Venture Capital & Investing

Do Not Mistake Effects for Causes: Ask Why Five Times

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Robin’s short methodology essay (as of August 2025)

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Collected in Robin Shen’s Field Notes · Content type and attribution are shown above

English translation of the Chinese post originally published 2025-08-04. Translated 2026-11-04 with AI assistance. Historical figures and claims have not been updated or independently verified. 中文原文

Reading guide

Robin shares a lesson from interviewing startup teams. When he asks why something happened, answer A often describes an outcome rather than a cause. Do not settle for a surface-level answer. Ask why five times to uncover deeper causes, forcing yourself to think more deeply as well. Questioning can upgrade your thinking, moving you from not knowing what you do not know to recognizing those gaps. Many founders discover, through an investor’s follow-up questions, that they have never really considered a particular issue.

Key points

  • A surface-level answer often describes an outcome rather than a cause.
  • Ask why five times to find the underlying causes.
  • Questioning can upgrade your thinking.
  • Move from not knowing what you do not know to recognizing what you do not know.
Trees at different stages of growth with connected roots on cream paper, suggesting patient cultivation and lasting value.
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Full text — English translation

Avoid mistaking effects for causes—or keep asking and thinking more deeply. Sometimes, when I go out to interview a startup team and ask, ‘Why did such-and-such happen?’ the answer is, ‘Because of A.’ But A often looks more like an eventual outcome than a cause. Do not be satisfied with a surface-level answer. That answer may still be describing the final outcome. To understand why it happened, you have to keep asking and thinking carefully. That is why we ask why five times about a problem: to get to the underlying causes. The process also forces us to think more deeply. Asking questions is, in fact, a way to upgrade your thinking. You gradually move from not knowing what you do not know to knowing what you do not know. That is a breakthrough for many entrepreneurs. Many do not know where their blind spots lie or what they do not know. Through a dialogue with me as an investor, with ever-deeper follow-up questions, they eventually realize: ‘I really have never thought about this. I really do not know yet.’

These articles are personal notes, book excerpts, and collected reprints. Figures and events reflect the time of the original publication, are not current information, and do not constitute investment advice.

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