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 3 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
Schroepfer: Passing on great founders in weak initial markets caused biggest misses
“The biggest like misses I've made Is sort of trying to outsmart the entrepreneur, and that's basically, ooh, I love that entrepreneur. They're so good, but like, I don't really like the market they're in, and then they pivot into a different market that I real…”
Schroepfer: Investment memos should focus on key success assumptions
“I think of like my deal memo is like, what do I have to believe for this company to be wildly successful? Right? And so it's like, and it's usually like a one, two, three. It's like, I have to believe this. I have to believe that. I believe this happens. This …”
Schroepfer: Avoid investing in startups reliant on future legislative changes
“If your business is premised on some future law being passed, then, like, you know, that's a binary outcome that is completely outside of your control, and unless I have some information that makes me bullish that that's gonna happen, we're probably not gonna …”