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.

clear all ✕

why aren't all 10 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

Opinion
Wand: Not a single top VC fund truly understands Hippo's business
“There's not a single top fund that truly understands what the hell am I doing?”
Assaf Wand Jan 18, 2019 ▶ 10:13 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: Startups must gain distribution faster than incumbents achieve innovation
“Because in essence, the fight that you have of incumbents versus startup is a startup needs to reach the distribution faster than an incumbent can reach the innovation.”
Assaf Wand Jan 18, 2019 ▶ 21:57 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: Remote work creates a mercenary culture and increases employee turnover
“This remote work environment creates a bit of a mercenary environment because you never built any relationship with the a person. You never infused the culture of the company. So it's not a really big problem for them to leave and to move.”
Assaf Wand Feb 18, 2021 ▶ 20:07 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World
Insight
Asaf Wand: Remote Work Inhibits Creativity and Complex Problem-Solving
“I think it's very, very difficult to do creative things and solve hard problems. The actual amount of work that's done on some silos is probably fine for engineers. They still close more tickets. Potentially they don't have commute. Maybe it's effective, but t…”
Assaf Wand Feb 18, 2021 ▶ 21:00 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World
Insight
Wand: Fundraising time pressure favors VCs, so founders should run blitzes
“The time value is always in the benefits of the fund and not of the founder, and because of that, I think when you're doing a fundraising, it needs to be a condensed blitz and have 20, 30 meetings in that week, see what's going on, push it to the next level.”
Assaf Wand Jan 18, 2019 ▶ 16:13 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: Strategic corporate investment dramatically increases BD partnership success rates
“If you're having them as a strategic investor with a very specific deliverables, then the likelihood and the chance of these deals succeed are, I don't know, a hundred times more than you thought before.”
Assaf Wand Jan 18, 2019 ▶ 21:26 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Prediction Not checkable as stated
Stebbings: Proptech leaders will build hundreds of billions in enterprise value
“These founders are all absolute OGs of the financial real estate market, building companies that I believe will represent hundreds of billions of dollars in enterprise value over the coming years”
Harry Stebbings Feb 18, 2021 ▶ 0:04 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World
Disclosure
Wallace: Fifth Wall invested in Hippo before finishing its first fund
“We hadn't even raised our fund. And the soft was like, you need to invest in our business. And I was like, I don't even have a fund yet. I don't know how I'm possibly going to do that. But ultimately we did.”
Brendan Wallace Feb 18, 2021 ▶ 7:49 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World
Assertion Partly supported
Strange: Fintech startups are acquiring incumbent financial institutions
“Hippo acquiring Spinnaker, Lending Club acquiring Radius Bank.”
Angela Strange Sep 8, 2020 ▶ 26:35 20VC: a16z's Angela Strange on Why Every Company Will Be A Fintech Company, How Founders Should Think About Niches and Optimal Insertion Points, How To Transition To Become The System of Record & Are We Entering A Period of Bundling Or Unbundling for Fint
Assertion Not checkable as stated
Wand: The average age of a Hippo employee is 42 years old
“Average age of our employees is around 42.”
Assaf Wand Jan 18, 2019 ▶ 12:41 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
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