Dustin Dolginow

Co-Founder, 43 · 1 appearance on the record.

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investorfounder@dolginow ↗43.io ↗

Dustin Dolginow is an early-stage investor who co-created Maiden Lane, the first institutional venture fund built natively on AngelList, and co-founded the pre-seed fund 43. Previously a partner at Accomplice, he has backed companies such as PillPack, Patreon, DataCamp, Creative Market, and Cruise Automation.

11statements → 3claims → 2claims resolved → 3.91/5average certainty → 1.91/5average debate potential → 4.3/5argument clarity · the sources → 1said about them ↓

2 supported 0 partly supported 0 contradicted 1 not checkable as stated how the 3 claims stand · each chip opens the sources

3 predictions · 2 opinions · 6 disclosures · every statement was checked. The predictions and assertions are the 3 claims: statements the public record can support or contradict. 2 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Dustin argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Prediction Held up
Consensus VC decisions will decline as conviction investing and LP directs grow
“We're going to see three pretty basic models emerge for how decisions are made, all the way up from LPs down, down to small seed funds. And the three buckets are going to be consensus-based decision-making, and that's every fund that, you know, has pretty much…”
Dustin Dolginow Feb 10, 2016 ▶ 17:46 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane

Argument clarity: do they answer the question? how? →

4.3 / 5 directness 4.4 · coherence 4.6 · precision 4.2 · compression 3.6

answered every one of 12 assessed questions directly

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

260 words/min while actually speaking · 23.7 um and uh per 1k words

Measured by listening to the audio itself: 3,675 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

Everything Dustin Dolginow said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated
Venture capital knowledge will become distributed rather than insider-only
“Maiden Lane is being built and AngelList is being built, you know, in the middle of a city center of a major city, and I think that's sort of the bigger trend of where venture is going. It is no longer going to be a skill set or knowledge of the very few. It's…”
Dustin Dolginow Feb 10, 2016 ▶ 7:19 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Prediction Held up
Consensus VC decisions will decline as conviction investing and LP directs grow
“We're going to see three pretty basic models emerge for how decisions are made, all the way up from LPs down, down to small seed funds. And the three buckets are going to be consensus-based decision-making, and that's every fund that, you know, has pretty much…”
Dustin Dolginow Feb 10, 2016 ▶ 17:46 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Prediction Held up
Top VC firms will be forced to adapt to new funding models
“Sequoia, Benchmark, Andreessen Horowitz, they're not going away anytime soon. This isn't like, we're out to beat them and kill them. Not in the same way Airbnb is not going to delete hotels overnight. It's going to change how hotels work. I think that's a bett…”
Dustin Dolginow Feb 10, 2016 ▶ 18:55 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Disclosure
Maiden Lane charges 30% carry to share economics with syndicate leads
“The reason we asked for 30% carried interest is because we share 15 to 20% of that carried interest with syndicate leads.”
Dustin Dolginow Feb 10, 2016 ▶ 12:52 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Opinion
Prescription delivery is the most overhyped tech sector
“Probably prescription delivery is amazing. It went from like one company to six in three months. It was wild to watch.”
Dustin Dolginow Feb 10, 2016 ▶ 20:54 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Opinion
Canada's tech ecosystem is thriving due to a lower cost of living
“This probably is in the sector, but I think Canada for the last two years deserves full credit for just really slaying it. I think it's an indication of how important cost of living is to young companies getting their start. And Canada as a country is just fro…”
Dustin Dolginow Feb 10, 2016 ▶ 21:04 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Disclosure
Atlas Venture led AngelList's Series A and all subsequent rounds
“Atlas would end up leading the Series A for AngelList very quietly. And have invested in every round since, and I think just continue to drink the Kool-Aid around online investing.”
Dustin Dolginow Feb 10, 2016 ▶ 5:15 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Disclosure
Maiden Lane raised a $25M fund to invest in AngelList syndicates
“And so we raised twenty-five million dollars. We named the fund Maiden Lane.”
Dustin Dolginow Feb 10, 2016 ▶ 6:12 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Disclosure
Maiden Lane deploys 95% of its investments through AngelList syndicates
“95% of the investments that we make are done through AngelList, and specifically through syndicates.”
Dustin Dolginow Feb 10, 2016 ▶ 8:59 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Disclosure
Maiden Lane opened a live-work loft for part-time syndicate leads
“One of our first things that we did was we opened a live work loft so that people could do meetings and host dinners and just kind of a third space because most all the syndicate leads have a full-time job, right?”
Dustin Dolginow Feb 10, 2016 ▶ 13:24 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane
Disclosure
Maiden Lane originally planned to make half its deals offline
“Initially, we didn't even think there would be enough deal flow on AngelList, and so we put it in our documents that we would do half the deals offline in a more traditional manner, and then half online, kind of waiting for the platform to scale.”
Dustin Dolginow Feb 10, 2016 ▶ 8:48 20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane

The other half of the tape: Dustin Dolginow's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode on 20VC. every mention, with the transcript →

Who brings them up most Harry Stebbings 1

Every mention by year

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Appearances (1)

EpisodeDateSpeaking time
20VC: The First Online Venture Fund Built On AngelList with Dustin Dolginow @ Maiden Lane Feb 10, 2016 16m
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