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 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 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

Prediction Not checkable as stated
Hustle Fund decides on initial $25k checks after one conversation
“Then we'll be really fast to write a first check, a 25 K check. I think that since I'm a GP of hustle fund, we have to move fast ourselves. So within a conversation, pretty much like unless there's something jarring where we absolutely need a second conversati…”
Elizabeth Yin Nov 15, 2017 ▶ 8:32 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Disclosure
Hustle Fund bases follow-on checks on speed, not absolute traction
“And really what we're looking for, if we decide to write a follow on check, that criteria in part is based on the speed at which that priority metric is moving. It's not so much about where that number stands today.”
Elizabeth Yin Nov 15, 2017 ▶ 15:05 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Disclosure
Hustle Fund does not look for product-market fit when investing
“And I think, frankly, like, it's post-seed or Series A investors who are most concerned with that. We are not looking for product market fit.”
Elizabeth Yin Nov 15, 2017 ▶ 14:41 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Disclosure
Hustle Fund writes high check volumes to hedge bets and gather data
“This is why we are writing a lot of checks, essentially to hedge bets, essentially to gather information across lots of different companies.”
Elizabeth Yin Nov 15, 2017 ▶ 20:21 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Prediction Open · timeframe Nov 2027
Hustle Fund will not scale to a $300M fund size
“I don't actually think that that would be the strategy for us.”
Elizabeth Yin Nov 15, 2017 ▶ 21:29 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Disclosure
Hustle Fund explicitly excludes pure consumer apps from its portfolio
“So I think first off, to be clear, we, there are certain areas that we are not investing in. So we don't invest in pure consumer apps. So we would have missed out on a Twitter and Instagram, Snapchat, et cetera, anyway.”
Elizabeth Yin Nov 15, 2017 ▶ 17:34 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Disclosure
Hustle Fund targets execution speed over founder pedigree
“At Hustle, our model is to go after teams that are moving really quickly. This may or may not include teams that have Strong pedigree. Certainly it encompasses some of those teams, but it also encompasses a lot of teams that don't.”
Elizabeth Yin Nov 15, 2017 ▶ 10:45 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
Disclosure
Hustle Fund uses standard YC SAFEs with pro-rata side letters
“We're investing essentially on, it's a standard YC safe, and you know, we have a side letter with a couple of terms that we want around prorata and information rights.”
Elizabeth Yin Nov 15, 2017 ▶ 10:02 20VC: Why VCs Fundamentally Assess Founders The Wrong Way, Why VC Needs To Innovate On The Scouting Model & Why SAFE's and Convertible Notes Are The Future Of Investing with Elizabeth Yin, Founder & General Partner @ Hustle Fund
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