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 9 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
Great enduring companies will remain privately held rather than going public
“I think when we look 20 years ahead our vision for the world is that the great enduring companies will actually be privately held and they will find liquidity in private markets rather than public markets.”
Startups should win small markets concentrically rather than tackle huge TAMs
“We're very much a, let's win in small markets, and then concentrically grow out of that, rather than try to take on a huge market all at once.”
Obvious but non-existent startup ideas scare investors rather than excite them
“There was sort of this kind of, I think pessimism or even a little bit of distrust where this idea seems so obvious to people that because it didn't exist, there must be something wrong with this idea that they didn't know. And so, it actually, you would think…”
eShares CEO Henry Ward deputizes board directors to adopt specific business units
“Like, I think Henry's cultivated a relationship with his board very well. In part by deputizing his directors to adopt business units inside of the company and engage with these teams running these units regularly.”
Early investors criticized eShares for lacking a billion-dollar outcome path
“And that's been true for us for the beginning is that investor criticism of eShares is there isn't line of sight to a big outcome.”
eShares extended its employee equity vesting schedule from four to five years
“We changed our best employee vesting schedule from four years to five years”
Kumar: I pitched Henry Ward on the original concept for eShares
“EShares is one of my portfolio companies. And in fact, it's a company that I co-founded. And in the case of that company I was talking with Henry Ward, who's, who's my co-founder in that company about his previous company that he was working on. And I just rea…”