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

Disclosure
Waxman: TenOneTen's Fund One loss ratio is extremely low, which worries him
“And so, actually, right now, our loss ratio is Fund One is extremely low, and it worries me.”
David Waxman Nov 29, 2017 ▶ 20:48 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Opinion
Waxman: Joy Mode is directly challenging the concept of personal product ownership
“So I believe, you know, it's a big swing what joy mode is doing, but if they win, they're really taking on the very idea of ownership and there's nothing big than that.”
David Waxman Nov 29, 2017 ▶ 10:29 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Insight
Waxman: Finance is prospective and more critical to startups than retrospective accounting
“Finance and accounting are totally different disciplines. Finance is Completely prospective, and it's super important for startups. It helps guide where you're going, helps you model the future, helps keep the company on the right track. Accounting is retrospe…”
David Waxman Nov 29, 2017 ▶ 22:38 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Prediction Not checkable as stated
Waxman: TenOneTen Ventures never contractually guarantees LP co-investment rights
“I think we certainly never give them as a contractual right because once again, back to the founder, they know me, right? They know my partner. They know my Austin, our associate who works with us. You know, they want us around for a reason. They don't necessa…”
David Waxman Nov 29, 2017 ▶ 16:34 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Insight
Waxman: Every startup CEO must know cash zero day, burn, and revenue
“You need to know at any moment, a CEO needs to know her cash zero day, monthly burn, and projected revenue for the following month.”
David Waxman Nov 29, 2017 ▶ 23:03 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Insight
Waxman: VCs have influence over portfolio companies, but founders retain control
“You have influence, but you don't have control.”
David Waxman Nov 29, 2017 ▶ 4:40 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.