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
Currier: Future digital growth will mostly come from paid acquisition
“So what's happening is we're moving into a world where much of the growth, at least digitally, is going to be coming from paid, and so we are becoming necessarily more fans of paid and just doing it right.”
Flint: VCs should pass on early-stage deals if genuine passion is missing
“At the early, early stages, there is so much about passion involved in really foreseeing success, and if you as an investor are not passionate about this, you're not feeling the true passion for the entrepreneurs, you're not seeing that passion in them, then I…”
Currier's four venture-backed startups never lost any investor money
“And so that's why we haven't really failed yet. And we haven't ever lost anyone, any money, When we've been entrepreneurs and building companies.”
Currier: Founders should design product language before building product features
“We believe that often you need to identify a problem Figure out the language that addresses that problem, and then from that language, build a product that fulfills on the language.”
Currier: Network effects drove 60% of tech value created since 1994
“We did a large study of companies that were, have been formed since 1994, 337 companies worth over a billion. And if you look at the market caps, the combined market caps of all these companies and identify, you know, which of them had network effects at their…”
Flint: NFX targets a 1:2 ratio for initial versus follow-on capital
“So I think the ratios that we think about are kind of roughly one dollar initial capital and two dollars for follow on capital. So that's the sort of benchmark we think about. We're pretty early on. We're like nine months in into the fund. So it's hard to see …”
Flint: Meaningful startups either drive or ride cultural change
“You know, I see really every significant, meaningful startup has an impact on the culture, either It's driving that cultural change, or it is really cresting and surfing that cultural change.”
Flint: Startup timing is about scaling near critical mass, not being first
“I think what's really important is it's not about whether you're Earlier or later than your competitors on an absolute basis. It's really about who can achieve the necessary scale to be a breakout leader when they're closer to this critical mass point.”
Currier: Peer KPI transparency drives higher founder growth targets
“So by cross populating information between companies so that it's real, it's not just James telling you should have a higher benchmark. It's you seeing others have achieved that higher benchmark and they are just like you. That really helps to let people calib…”