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 13 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
Lemkin: California wealth tax will turn Silicon Valley into Detroit
“And so, I do think if this goes as far as the folks that have Backing at want, you could have a Detroit in the Silicon Valley. Like, when it becomes a meme to do YC, or to do South Park Common, but then build, you know, get your money, build your team, and the…”
Lemkin: Current Startup Fundraising Market Is the Most Binary in Our Lifetimes
“It's the most binary fundraising environment in our lifetimes, isn't it? You're either, you know, you're either YC, Neo, South Park Commons, got something, get funded, or who the hell's gonna find you in your pre-seed round, right? You either got, you know, yo…”
Jason Lemkin: Series A is experiencing its best-ever deal funnel
“This is a, the best of times to be a Series A investor because there is just an explosion of seed AI startups. There's so many and they can't all get funded. And I know it's stressful. I know it's hard, but it is a gift that thousands of founders are in San Fr…”
South Park Commons was the top talent source for OpenAI in 2016
“In fact, in 2016, we were the largest top of funnel for both of these organizations.”
Sanghvi: Multi-stage funds write seed checks just to buy cheap option value
“When a large fund writes, you know, one or two million dollar check in your seed round, they're simply buying option value to invest in later rounds. For a one billion dollar fund, one or two million dollars is cheap. And it's a cheap way to buy that option. B…”
South Park Commons commits to follow-on investments regardless of startup performance
“From that perspective, we always commit to our founders that we will invest no matter what in the first round of financing following our seed investment.”
Sanghvi: South Park Commons fund holds first right of refusal on member startups
“So the fees that we generated from the fund are used into running the operations of the community, and the community members in turn have given the fund the first right of refusal to invest in their companies.”
South Park Commons launched Founder Fellowship DAO with 1,999 investor limit
“At SPC we launched our Founder Fellowship DAO with Syndicate. It was the first DAO of its kind. It's a three C seven DAO that allows for up to 1999 investors instead of the traditional hundred limit. And in our case, we had multiple funds participate. Founders…”
Sanghvi: South Park Commons members average nine months picking startup idea
“So typically our members spend on average about nine months picking that idea and that goes, you know, and they do everything from time exploration to identifying problems that are key in those spaces to identifying solutions that might be valid to figuring ou…”
South Park Commons targets 50 to 60 investments from its $50M seed fund
“So with our fund, we try to target between 50 to 60 investments for the seed fund. And our seed fund is fifty million dollars.”
Sanghvi: 30% of South Park Commons members do not intend to start companies
“In fact, 30% of our members are domain experts who have no intentions of starting companies.”