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 5 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

Insight
Paik: Companies that can be described in one sentence lack ambition
“If everything that a company is doing and building can really be accurately described in a single sentence, it's probably too one dimensional. It's probably not Ambitious enough.”
Chris Paik May 9, 2023 ▶ 23:47 Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings
Insight
Paik: A 51/49 venture partnership split feels like 80/20
“I mean, like, the distance between a 51 49 split is way more than two percent. Like, it might as well be like 80%.”
Chris Paik May 9, 2023 ▶ 13:35 Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings
Insight
Paik: Startup moats are intentional and embedded in product from day one
“So if you were to look at the system design behind companies that ultimately developed modes at scale, it's not something that like happens magically overnight once the company's up and running. It's like embedded in the core product from day one. And so I thi…”
Chris Paik May 9, 2023 ▶ 1:11:36 Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings
Insight
Paik: Optimizing fundraising for outcomes over alignment creates structural misalignment
“We had kind of a mantra, which is optimized for alignment, not outcomes. I think in many situations, people, companies can optimize for outcomes rather than alignment. And that over rotation ultimately over time leads to misalignment.”
Chris Paik May 9, 2023 ▶ 1:27:02 Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Paik: Pace Capital hits 20% ownership in 70% of portfolio companies
“We've been successful at hitting our ownership target in 70% of the companies we invested in.”
Chris Paik May 9, 2023 ▶ 18:54 Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings
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