The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ed Sim: Billion-dollar multi-stage VC funds stopped growth investing in 2022
“The spigot dried out last year, all the big multi-stage firms with a billion dollar plus funds stopped investing in growth.”
Sim: Seed valuations were the only startup stage to increase since 2021
“There's data from Carta that shows you that if you look at priced rounds from Q one of 20, 21 compared to, let's say Q four of last year, the only round that increased in valuation Was the seed round”
Sim: Loom sold for under $1B after a $1.5B peak 2021 valuation
“At the end of last year, I'm not in the room with Loom, but that last round valuation was at 1.5 billion dollars, right? That was led in 20, 21, and they sold for nine 99 or something, nine 50, right?”
Sim: Palo Alto Networks paid $200M to $400M for startups with $2M ARR
“Look at all the stuff that Palo Alto bought. A lot of those companies had two to three million dollars of AR getting sold for two, three, four hundred million dollars, right?”
Sim: Snyk took nearly three years to reach $1M in ARR
“It took him two and a half years to kind of get out there and get his first, you know, two and a half to three to get his first million of ARR.”
Ed Sim: Tech IPO window won't reopen until Fed cuts interest rates
“I think it's very simple. Mr. Jerome Powell signaling to the world that interest rates are under control now. And the air has been taken out of the balloon and the interest rates have to go down.”
Sim: SecurityScorecard surpassed $100M in annual recurring revenue in 2023
“Security scorecard. The market's not big enough. It's not, this is not that they did over a hundred million of error last year.”
Sim: Most 2024 tech IPOs will be down rounds from the ZIRP era
“Look, the margin majority of companies that go do go public this year will be down rounds from the prior rounds, especially if they're raised towards the Zerp era.”
Ed Sim: Only 25% of cloud migration is complete
“We're still only 25% of the way of migration from on-prem to Cloud right now”