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 6 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

What-if
SimpleLegal Would Have Reached Profitability by Q3 2017 Without Series A
“Had we chosen not to raise money, we would have been profitable by the beginning of the third quarter.”
Nathan Wenzel Jul 28, 2017 ▶ 15:35 20VC: Construct Your Fundraising Process To Get 3 Term Sheets in 36 Hours, Why Slow and Steady Can Be Best For Startups & Why All Startups Must Know Their Zero Cash Day with Nathan Wenzel, Founder & CEO @ SimpleLegal
Assertion Supported
Y Combinator Is Not Just for 22-Year-Olds, Says 35-Year-Old Alum
“We went through, I was 35 at the time, and I was not the oldest. So I think the idea that YC is really just for twenty-two-year-olds is, is kind of a myth.”
Nathan Wenzel Jul 28, 2017 ▶ 18:33 20VC: Construct Your Fundraising Process To Get 3 Term Sheets in 36 Hours, Why Slow and Steady Can Be Best For Startups & Why All Startups Must Know Their Zero Cash Day with Nathan Wenzel, Founder & CEO @ SimpleLegal
Disclosure
SimpleLegal Waited Two Years Before Hiring Its First Employee
“We spent 18 months to get it right, but once we saw that it was working, we took another six months before we hired our first employee”
Nathan Wenzel Jul 28, 2017 ▶ 5:46 20VC: Construct Your Fundraising Process To Get 3 Term Sheets in 36 Hours, Why Slow and Steady Can Be Best For Startups & Why All Startups Must Know Their Zero Cash Day with Nathan Wenzel, Founder & CEO @ SimpleLegal
Disclosure
Leo Polovets Made a Personal Angel Investment in SimpleLegal
“One of the partners saw something in us, and so he made a personal investment. And so that was Leo Polovets from Sousa Ventures.”
Nathan Wenzel Jul 28, 2017 ▶ 16:51 20VC: Construct Your Fundraising Process To Get 3 Term Sheets in 36 Hours, Why Slow and Steady Can Be Best For Startups & Why All Startups Must Know Their Zero Cash Day with Nathan Wenzel, Founder & CEO @ SimpleLegal
Disclosure
SimpleLegal Maintained Near-Zero Gross Churn During Early Growth
“Our gross churn was near zero.”
Nathan Wenzel Jul 28, 2017 ▶ 8:20 20VC: Construct Your Fundraising Process To Get 3 Term Sheets in 36 Hours, Why Slow and Steady Can Be Best For Startups & Why All Startups Must Know Their Zero Cash Day with Nathan Wenzel, Founder & CEO @ SimpleLegal
Disclosure
SimpleLegal Maintained Near-Zero Company Net Burn for Its First 18 Months
“For us, we were net zero burn for the first year and a half. Our personal burn rates were not net zero, but our company net burn was near zero.”
Nathan Wenzel Jul 28, 2017 ▶ 10:40 20VC: Construct Your Fundraising Process To Get 3 Term Sheets in 36 Hours, Why Slow and Steady Can Be Best For Startups & Why All Startups Must Know Their Zero Cash Day with Nathan Wenzel, Founder & CEO @ SimpleLegal
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