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 6 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
Alex Mittal: Many AI startups promise what is fundamentally impossible
“The bad news is that I believe we're in a point in time where, and this is, you know, I think I mentioned that this is like blasphemy for me to say as a VC, given, you know, AI is sort of hot right now, but we're in an era where what is being promised by a lot…”
Mittal: Indecisive VCs who never give clear answers are top founder pain point
“And then the never getting an actual, like, yes or no.”
Mittal: Every VC firm functions fundamentally as a marketplace
“Every VC firm is actually, to some extent, a marketplace. You've got limited partners. Those are typically institutional or very well-to-do investors. You've almost like the market makers in the middle. And then of course you have the founders, the entrepreneu…”
Mittal: Repetitive fundraising pitch shows distract founders from building their businesses
“The repetitiveness of the process. You're literally going through the same, I guess, pony show over and over again. And sometimes like as an entrepreneur, like you can get addicted to this. Like sometimes it's cause it's exciting to tell your vision and story …”
In 2014, syndicates deployed $200M compared to $50B in traditional VC
“And the VC, every year on average, you have about fifty billion dollars of VC investments. Last year, I think the syndicated model total between all different sites like Founders Club and Angelus were like two hundred million.”
Fabrice Grinda raised nearly $20M via AngelList and FundersClub
“That said, we've been very happy and successful with this model. I mean, we've raised over ten million dollars through Funders Club and Angel List across different companies. Might even be close to twenty million at this point between the various multi-company…”