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 7 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
Learning Lessons From Venture Successes Is Extremely Dangerous Due to Bias
“I've actually found that learning lessons from successes is extremely dangerous because of the risk of confirmation bias. We will convince ourselves Of whatever we want to convince ourselves is the proximal cause of the success, you know, because it was succes…”
Excess Venture Capital Creates Bad Habits and Dampens Returns
“I think we should have fewer investors and some less capital in the system. I think we've pumped too much capital into the system and it's created a lot of bad habits. And I think it's going to dampen returns, frankly.”
Shine Capital Targets 10% Ownership Rather Than the Traditional 20%
“We're always looking to be pigs. Like we are trying to get double digit ownership where we can, and we will do a little bit less here and there. Like we're, we will sometimes build our way into positions. We'll buy five or six percent and then buy a little mor…”
Shine Capital Reserves Follow-On Capital per Fund, Not per Company
“We don't actually reserve per company when we do a deal at all. I actually reserve a bucket for the entire fund”
Shine Capital Writes $1.5M-$3M Seed and $6M-$8M Series A Checks
“We're typically writing for a seed, call it one and a half to three million dollars to lead around and for an A, six to eight million dollars to lead around, and if we really push it, we could probably go up to 10.”
Shine Capital Manages $435 Million Across Core and Opportunity Funds
“We manage about four hundred and thirty five million dollars or so. Our first fund was a hundred and twenty five million dollar early stage fund. Our second fund is a two hundred million dollar early stage fund, and we have a hundred million dollar opportuniti…”